Yes, this correct!
Depending on boaters use the correct 4 blade prop can positively affect fuel efficiency but mostly either in low and mid range RPM's and it depend how well the actual propeller works. A test ride writing down rpm-speed-fuel flow in 100 rpm steps from idle to wot will provide the data to analyze how actual propeller behaves, give a baseline for a prop pro to recommend a new propeller and see variations with new propeller/s.
6-8 knots trolling can make a big difference, but due limited fuel flow financial benefit is low and arguable
24-28 knots cruising with the correct 4 blade can make a big impact on fuel flow, or not so much. The point is that 500 rpm less at +/- 3500 rpm and 25 knots will save enough to make it worth to use a 4 blade prop.
If the boat is usually used light a drop of WOT rpms down to about half of recommended wot rpm range can help also to lower fuel efficiency, particularly in combination with a correct sized 4 blade if highest speed is not desired.
One thing to consider is that chasing the right propeller can be a time and money consuming job and an experienced prop guru may help to keep that less painful.
One prop to consider is the Mercury Enertia Eco where a lot of users are very happy with, other propellers are
Suzuki 16" 3 blade propellers but with 2" less pitch (what I did), Suzuki props are direct swap on Yamaha shafts.
Mercury Revolution 4 as first hand experience is written above probably also with 2" less pitch
PowerTech OFS4 or similar Model, as Ken of Propgoods about the correct model for your boat and Engine.
Solas Titan 4 blades work well and are affordable
I switched from single 19" Saltwater II to Suzuki 18.5" 3 blade on my 30ft RIB but F250 could not turn more than 4200 so Suzuki 17" should do the trick.
Chris