In my experience a prop with a slipping hub will perform perfectly at any speed below the point at which the shaft torque exceeds the holding ability of the defective rubber hub. When that point is exceeded, the hub seems to slip completely, and the motor races as if there is no load on it whatsoever. Very much like the way an older outboard acted when a shear pin was sheared. Each time it happened, I just kept my speed reduced to a point where the hub could maintain its grip on the prop and never had any trouble getting to my destination. I took the prop to the dealer and had a new rubber hub pressed in. I don't recall it costing too much, at least compared to the cost of a new prop. Luckily, it has been decades since it last happened.
Regarding your immediate problem, the first question to answer when trying to solve propeller problems is "What are your maximum RPM's at full throttle". If your boat doesn't have a tachometer (most don't), you can google numerous ways to determine engine speed. Each motor has a maximum full-throttle RPM range. It is listed in your owner's manual or can usually be found by searching online. If your motor is over-speeding, you might need a bigger prop or, more likely, a prop with more pitch. If your motor can't get the RPM's up into the recommended range, your propeller has too much pitch and the motor is being overworked, preventing it from getting into its maximum power band. Of course, it could also be that the motor is worn out or needs a tuneup.