I ran one for a few years in my 150 HP Cruisair. I burned about 8 to 8.5 GPH at 2500 rpm. Seemed to hit critical altitude at ~7000 ft. in a climb. Had to dip the nose, and recover RPM and slowly resume climb. Highest I ever went was 11,000 ft once. Often flew at 9500, but took a while to get there, especially the last 2000 ft. I used a 6 cylinder EGT to lean the engine to about 100 deg rich of peak. When I changed to a fixed pitch, I lost a little in climb and gained in cruise. For a reason I cannot really explain, I picked up 3 kts when I recovered one aileron. (Previously out of rig?)
With the fixed pitch McC I flight planned 113 kts and burned 8.3 gph at X country altitude (7.5-8.5). Set RPM at ~2500 rpm (electronic digital tach) and leaned to peak while watching RPM. Settled on 2550 rpm ~50-100 rich of peak. (113 kt TAS, 8.3 gpm) This is all based on 26 years of ownership and 1500+ hrs in that plane.
Larry