Note - Going from three to four blade props you need to drop down in pitch 1-2" or you will not be turning the correct amount of RPMs, if you were turning them right to start with
All points are correct to a degree, a boat is like a woman, each one is temperamental in it's own unique way
A four blade has less slippage because is has more surface area, more "meat in the water", it can be trimmed higher for the same reasons.
A four blade provides lift in two different ways, it provides bow lift and stern lift...some props provide more or less of the other.
Losing top end is not necessarily true, my boat being an example with a three blade prop, by myself, running with the wind, hat backwards and laying in the floor

, I could hit 40 mph. With a tournament load and another lard arse (BD) I can only hit say 36 mph. I added a four blade prop, I dropped down two in pitch with a tournament load or by myself I can hit 36. I am less than 40, but I maintained my speed with a load and improved my hole shot, torque and running at higher motor heights.