The prop number implies that it was a 44" prop to start with. I used to own one of those McCulloch drone engines, 72 HP, and it originally had driven a prop of about 44". The engine had been modified, by lowering the compression, to drive a 60" prop at about
3000 RPM, giving around 50 HP. The engine had been originally designed to run at 4100 RPM. It was also designed to have a service life of around 15 minutes! No wonder that some of the guys who used them in homebuilts and gyrocopters had failures. The mag and carb were especially weak.
See
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for info about the O-100 engine.
Here are a couple of pages about the target drones:
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Dan