My P172D has the Avcon conversion but with a McCauley prop. When it finally needs overhauling, it will have to be replaced, as the parts for an overhaul aren't available, according to my IA. He has done some preliminary looking at other props, but nothing definitive yet--and not necessary yet. When it started leaking about 3 years ago, we let it go until annual before last, and a local prop shop was able to get the necessary seals to reseal it. It still works fine. Other than the occasional dressing of the blades at annual time, that's the only maintenance the prop has required.
As for performance, the lowest elevation I've flown it out of is Tulsa at just over 600' and OSH at 800', and even with a full load, it climbs like a scalded cat at those low elevations. At my home dromes (Greeley at 4700' and Fort Collins/Loveland at 5000'), it outclimbs any stock 180hp 172 and will almost keep up with an XP in the climb. For cruise, I flight plan for 115 knots at 8000' or 9000', which ends up very, very close in a 3 hour leg--that's about 10 knots faster than a 180hp 172 with a standard fixed pitch prop, and almost as quick as an XP. That's with the super droopy tips which add drag and the flap gap seals which reduce drag--I think they pretty much cancel each other out.
The highest I've flown it is 15,000', but that's really a stretch. It's pretty comfortable at 14,000', although it takes awhile to get there on "normal" days. When I took off from Leadville (9934' MSL) about 5 1/2 years ago, the ground temp was about 75F, the DA was 12,100', and my climb rate was between 150 and 200 fpm. On that very warm day, it topped out at 12,300' MSL, although I might have been able to eke out a tiny bit more. I had a relatively light load of just me, puppy dog, and survival equipment, and about 38-40 gallons of gas when I left Leadville.
Fuel burn at cruise is 9.8 or a little less, depending on how carefully I lean using my Insight G1. Much under that, it peaks out and starts running a little rough--can't run lean of peak, although I've tried as an experiment by adding carb heat, which does even out the cylinders but still doesn't allow running LOP. All that is with 2400 rpm and 21" MP (decreasing MP with altitude, of course). I've tried different combinations of rpm and MP, but that works out the best, and the engine seems "happy" at 2400 rpm, whereas much slower and it seems to be lugging--although that's just my subjective view.
For me, the only downside has been that the back 2 cylinders tend to run warmer than I'd like, going over 410 in the climb. They cool down to under 400 in cruise except on very warm days, when I have to run with the cowl flaps partially open to keep them to 400.
For my IA, the downside has been the absolute lack of customer support from Avcon. If he leaves a message on their voice mail, they don't respond. If he talks to the Mrs. live, she says the Mr. is out and will call, and he never does. And they don't respond to email--not sure if they even have it. The big question he had was something about the engine mounts some 10-11 years ago, but there are enough Avcon conversions out there, so that my IA was able to confer with other mechanics to determine what could be done.
To answer your main question: My airplane came from the factory with a 2500# gross, but the Avcon conversion actually reduced that to 2350#. So far as I know, there are no STCs approved by the FAA which allow it to be returned to the original 2500#, or to increase it on mine or any other 172. That makes it a 3 person airplane except with a light fuel load, such as just under half tanks.
If you're ever out this way, I'd be happy to take you up in it.
Cary