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I am sure there are better ideas but here is what I did. To work on props I made a quick, easy, and basically free holder. I used a scrap piece of 1” x 2” pine about 8” long. Using an allen socket head 10-32 bolt about 2 ½” long I drilled a hole in the end just bigger than the head. Then glued it in the hole with JB Weld. Next cut and sanded the wood to about the size of the prop hub. Clamp it in my vise and file/sand/polish away.
Boat prop holder.jpg
Boat prop holder.jpg