Propane and Green gas are approximately the same gas compound. Yes green gas is pre-lubed, where as propane come with that pleasant smell.
You will not see any difference in the effects on your replica if you do proper maintenance. If you maintain your replica and lube it up properly the added lubricant in the green gas wasn't doing much anyway (except maybe getting onto the inside of your hop-up, which is not really a good thing).
As for voiding the warranty, you would have to actually read the warranty for the replica. It does void the KWA warranty, I have just read it and it states
KWA wrote:or non approved propellants (ie. Propane, red gas, 134a... etc.)
and I would assume most companies have the same verbiage in their warranties.
Because propane and green gas have virtually the same gas compound the velocity is going to be approximately the same.
We are going to need to define what you mean by "bad for the environment" here, but essentially NO propane is not bad for the environment.
Wikipedia wrote:Propane is commonly used as a fuel for engines, oxy-gas torches, barbecues, portable stoves, and residential central heating
If it was that bad for the environment so many Americans would not be allowed to use it in their BBQs. However that being said it IS a byproduct of natural gas processing and petroleum refining, so take from that what you will.
Here is a video I found on (by using a search engine I like to call GOOGLE) from a pretty reliable source on the topic.