In the New Version:
What does this mean for the engineering illiterate?
Basically, propeller efficiency peaks out around 80% for most aircraft, at some point of its performance envelope--most of the time this is at high-speed cruise or close to maximum speed for the aircraft (more or less). This is because no propeller is 100% efficient--i.e. it can't turn all of the engine power into thrust. The propeller chosen for a certain powerplant is always selected based on a desired performance range. Inside that range, the prop will stay in the upper parts of its efficiency curve--say between 60-80% efficiency.
At slow speeds, or with no speed on the plane though, the prop is not very efficient. It appears that HTC made some corrections to the way they model this "static" and low-speed thrust by lowering the propeller efficiency curves for some aircraft.
I could throw the thrust and prop efficiency equations up if desired...