I have the same boat as you, '76 170. Mine is powered by a Yam 115. When I read your initial post, and that this hull is powered by a 50hp engine, I had to re-read it a few times to make sure I was reading correctly.
50hp, whether that be a 2 stroke or 4 stroke, restricter plate or no restricter plate, mounted on this boat that weighs 1100 lbs dry, is WAY underpowered. Add the weight of a full tank of fuel, engine weight, gear weight, etc, and you're near 2,000 lbs! A 50hp powering a 1 ton boat?!? And to be even more frank with ya, it wouldn't matter what pitch, how many blades, SS or AL, you put on it...you will continue to experience a sluggish boat.
This hull naturally sits ass heavy, it's the way it was built. So in order to raise the stern you need POWER. Prop pitch and number of blades only tweek the boats performance. They don't provide miracles.
Save your money on a new prop. Buy a bigger engine, 90hp at the very least hp. If I re-powered my boat I'd put a 130hp on it. And the only reason I wouldn't put a 150hp is because a 150 Yam is 100lbs heavier than the 115 and 130, which are the same weight.