The prop shaft nut does little other than keep the prop from coming off in reverse on shafts where the shearpin is ahead of the prop and does not pass through it. The cotter pin doubles the protection by keeping the nut from backing off. Almost all classics have a pass-through type shearpin with a cap that retains the pin. so there is no need to torque it. The only prop shaft nuts that need to be properly tightened are those that “Pinch” the propeller and the shearpin, like those on race engines.
George