Considering the desired end result, there is no question that is the preferred path to take if you have the means. :thumbleft:
Given that course of action, the next biggest consideration to be aware of is that your cam
needs to operate in the same range where your prop is the most productive using the chosen gear.
Based on info in this following thread, it looks like your max prop speed should be 2700 rpm:
https://southernairboat.com/phpBB3/...t=the+older+Stump+Puller+blade+series#p661049
With a 2:1 reduction, that implies you would want your cam to enable you to spin 5400 rpm.
That's not to say that need to spin it that fast, but you will probably want to retain that option.
Does the engine already have an RV cam, or was that just the plan for going with direct drive?
If so, perhaps a 1.77 gear would be a better match if you don't want to change the cam.
In any case, there are improved results to be had by properly matching your engine RPMs with your prop's power band.
Cam choice and/or gear selection are the two primary and fundamental means of attaining that end.