On second thought (see your previous question), will the propeller rotate in the water? Yes.
If the torque at 1000 RPM is only 5 N.m, it is not a big deal because the boat is already launched. The force required to keep it moving no longer needs to be significant.
At start-up, the torque being inversely proportional to the speed, you recover 500 N.m at 10 RPM. So here it's much more effective.
The question that can possibly be asked is how quickly will 1000 RPM be reached. And again, it can be calculated quite easily once you have the moment of inertia of your propeller.