This seems to be the month for questions about props.

A three blade prop will usually help but it will also slow you down some under sail. First thing I'd do is check that the blade you currently have has the correct pitch. No sailboat is going to perform great in reverse but you should be able to manuver in the harbor.
How does the boat do going forward? can you hit hull speed doing ~85% of your max rpm? can the engine achieve max rpm without lugging (i.e. no black smoke).
If not, than you should look at the current blade as needing to be repitched which will be a lot cheaper. There is no substitute for a good prop shop.
My boat (an '83 34) wouldn't do anything in reverse until I had the prop correctly pitched. I too was looking at going to a 3 blade. Once the blade was properly pitched she handled great in reverse.
This is the book to get if you really want to know about sizing & pitch of boat props.
http://www.amazon.com/Propeller-Hand...boat+propellor
If you have a Yanmar this is a good site to check for 'recomended' prop size/pitch. Note they also say a sea trial is the only way to be sure that the sizing is right. It really is an art more that a science.
http://yanmarhelp.com/i_prop.htm
In answer to your question yes, usually a 3 blade prop will let the boat back up better. I'd still check the pitch first it is a lot cheaper.
Brian
edited - answer original question & add comment about art/science.