RE: Reaming a Prop
I use a single tapered reamer from the back and it works fine. All the hole does is locate the prop on the hub. Once the nut is tightened it does nothing. For the original question, I'd be surprised if we're talking about more than 2-3 thousandths of wiggle here. The imbalance that would be caused by that is less than the props themselves bring into the equation.