Hello,
you would see nothing at a picture with transparent Tape

The dimension of tape are ~ 5mm x 6mm so it doesn't overlap when warped around the shaft. I also have tried a aluminium tape but it was a little too thick and the props didn't align in the low rpm during handstart which I prefer.
At the moment I cant find any disadvantages except to have roughly unfold the props before start. So for me the advantages are more dominant and I don't have any dent from the bump because the tighter fit they will not reach the opposite screw.