Ya, the acme 3 and 4 blade are CNC Milled. Also the 3 blade for 2004 has just as much surfase area as the 4 blade.
I like this FAQ from the acme marine website
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Q: Which propeller should I choose, the Acme 3-blade or the Acme 4-blade?
A: Theoretically, a 3-blade propeller should always be more efficient than a 4-blade. However, in the past, two big issues have prevented the 3-blade from taking the lead in popularity. The first was a lack of manufacturing precision, which commonly caused 3-blades to vibrate more than 4-blades. When significant dimensional variation exists in a propeller, vibration is generally more noticeable in a propeller with fewer blades. The second reason for the 3-blade disfavor was an almost certain loss of blade area in the transition from four blades to three. Consequently, even though top-end gains were achieved, performance expectations on the low-end were diminished.
Through the implementation of precision manufacturing and design improvements, Acme Propellers are giving the 3-blade the reputation it deserves. Acme is consistently holding tolerances never before achieved in propeller production. This accuracy makes the Acme 3-blade incredibly smooth. In addition, the blade area of the Acme 3-blade has been expanded to equal that of the Acme 4-blade. The translation? The Acme 3-blade has raised the performance bar. From an awesome hole-shot to an unmatched top end, and all the smoothness throughout, the Acme 3-blade leaves nothing to be desired. We believe it has an edge that everyone will appreciate. On the other hand, please do not mistake our excitement as a lack of appreciation for the Acme 4-blade, a proven winner.
It should be noted that this choice might still be mildly influenced by application, because it is possible that the most perceptive users might be able to detect slight differences that cause them to prefer one prop over the other. Even still, the overall performance of either Acme Propeller is paramount, and is that from which dreams are made.
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The technician i spoke to was Jim and he convinced me he knows what he's talking about. 1-888-661-ACME call and ask for him if you are looking for a prop. He will tell you what prop you need depending on DD, VD, amount of ballast etc...
oh, and i ordered it from propellersonline.com for $315 with free shipping