Lower the better IMO.
But you've gotta strike a good compremise between a productive prop length, and a good safe propeller tip clearance to all adjacent items on the boat.
So it all depends on what prop lenght is gonna be best for your power option, and how your boat transom, and engine stand are configured.
I guess theres no correct answer for your specific question, just opinions such as I've offered.
I have read an very interesting theory posted by Waterthunder, and how the engine stand hieght will effect the boats performance, under different circumstances. If you search his past posts, you may be able to dredge it up. It's worth reading.