Hello Jesse,
Happy New Year to all!
Well, I know very little (close to nothing, I'm afraid!), about torpedos but there is a similar discussiongroup in Denmark where I asked and got this reply (It's my translation into English so please bear with me!):
"It is with 99% certainty a prop from a T1T. After the 2nd World War II the Danish navy "inherited" many T1T from the German Wehrmacht. In fact so many that they up in '70ties used them before we got a Swedish built TP612 which was TP613.
T1T was a battery-powered torpedo, while the Swedish, which was further developed of the German one, was steam-driven. Highly concentrated peroxide, approx. 96% pure, distilled water and pure alcohol may cause a combustion in a closed system, thereby creating steam. This way: The engine is a star engine, it is in a lot of trickery, but one thing stands out, the steam producing part which is a small case, it is the size of 2 ½ L soft drink bottles. Entering alcohol and water, and peroxide when contaminated with water and alcohol, split it with such force that it ignite and this creates a chain reaction where the alcohol is burned off with high heat and evaporate the water. The steam is now being carried out to the engine. The excess pure oxygen also through the "exhaust" intends to torpedo, and will shut off quietly, so the torpedo does not pull a bubble trail".
But that's another story even the props may be the same?
Mvh Toke