Martin – There is a possible engineering solution to this problem. You will nee access to a small lathe or know someone that has. Also assuming that the inner prop shaft can be removed from the outer. This will allow you to use a M4 prop on the existing (but adapted) shaft.
Prop End – Obtain a stainless M4 screw of suitable length, remove the head and drill 2.8 mm which is just below the core/minor diameter of the thread. Turn down the 4BA thread on the end of the shaft so that it is a snug fit inside the 2.8 drilled hole. The two can be held together with a minute dab of Cyno e.g. Hafix or similar.
Coupling End – Assuming that you will be using a Huco Coupling (or similar). The inserts for these are available in a number of sizes ( but probably not 4BA), but find one that will allow you to drill & tap 4BA.