When zincs are working, the prop becomes the cathode and is actually "electroplated" with whatever minerals are in the seawater. Makes a skin of whatever, but metal below is still ok. Color of coating depends on what is in the water.
I try to scrape the skin off my prop when I dive on it, it is a yellowish white here and tough as nails. PITA.
That pitting in the pic might have happened while on the hill.