Thanks for all the advice! I just put the order in for a 115 Pro XS with the standard gear casing. Feedback from Mercury stand at Southampton boat show was that the CT was not necessary for the size/weight of boat I have.
With the standard casing I'm going for a 20" pitch prop, for the CT this would be 21" or 22" according to the Mercury calculator. Will report back on performance and how much silver paint comes off!
Note to self....buy rattle can of silver paint!