Do you want to go fast, or is rotational wear more important?
Fixed prop - Let it spin. You will go faster, but have rotational wear (really?) Just me, but I'll take a bit of extra speed over some rotational bearing seal wear without load any day.
Folding prop: Fixed. Always. Lock it in forward or reverse, does not matter. You want it to fold. If it free spins, blades fold out creating drag, which is counter productive to why you spent the big bucks on the folding prop in the first place.
Simples!!