There is a guy over on the MooneySpace forums that actually went out and tested and recorded the results of all these questions. Engine idle vs. actually dead. Prop windmilling vs. stopped. Here is a link to
his blog.
The long and the short of it is, the engine idling does make a difference in glide performance and engine off, prop stopped is by far the best glide performance. However, to stop the prop requires you to enter very slow flight and it's a personal decision if you want to take on that challenge during an actual emergency. Me personally, no.
His findings showed that practicing engine out glides with the engine idling and the prop in the full rear, course pitch, produced pretty much the same glide performance as a windmilling dead engine in full forward fine pitch. A dead windmilling engine in full course pitch will do a little better, but for the sake of practice without actually killing the engine, do it idle and full course and plan for that sort of performance. Then on the actual day of emergency, you'll be pleasantly surprised with even greater glide range with either the prop in full course, or a stopped prop.