The short answer is yes. But they use different spinners. The spinner is the white plastic hub that connects the prop to the motor shaft. This shows that although you can use the propeller of Mustangs with 400mm wingspan, or any other Volantex warbirds RC airplanes, you need to use the original spinner for 500mm aircraft.
Below is a comparison between a 400mm propeller (left) with a 500mm prop (right) where both are installed with the propeller hub of the 500mm variant. Note that the 400mm type has slightly shorter blades.
The spinner for the 500mm Mustang fits perfectly with the 400mm propellers. These smaller props are more affordable and easily available on AliExpress and Amazon. The photo below depicts the spinner used in the 500mm model. It is larger than the one used in the 400mm warbird.
We hate ourselves for keep breaking props, so to save cost, we can purchase any propellers for Volantex warbirds and fit them with the 500mm spinner and take to the air.