I have a 3 blade flexofold on my H466 and love it. I went with the fof after reading the studies in an English Yachting magazine. It had the lowest drag of any prop due to its folding property. Reverse was equivalent to a fixed three blade.
As far as horror stories go a friend of mine had a max prop on his H460 and it cost him $1500 to have it rebuilt due to galvanic corrosion damage. Several years later when a diver told him it was again damaged (an erroneous report as it turned out) he replaced it with a 3 blade fof. Since he had several years with a fixed 3 blade, 3 blade max prop and the 3 blade fof he told me his favorite was the fof.
I guess too the fof prop, when folded, has less of a tendency to snag objects than a prop that is simply feathered.
That recommendation, the thorough study, and much lower initial price swayed me to the fof.
I don't know why some folks put such an emphasis on backing power but the max prop certainly wins hands down there.
Max prop makes and excellent product and their owners love them. I think my fof is excellent as well.
Let us know what you buy and what results you realize.