Yes, it will block it a tiny bit.
The specs for the CV Color Skopar 50mm f/2.5 are
Length 1.3" (33.6mm)
Maximum Diameter 1.95" (49.6mm)
Weight 7.3 oz (208g)
This according to B&H, which is a pretty reliable outfit . . .
The CV Color Skopar 35mm f/2.5 Classic, which I own, seems to have exactly the same dimensions, by my measurement.
So I put the 35/2.5 on my IIIf. Without the hood it is BARELY noticeable at the lower right fringe of the viewfinder. With the hood you will notice it; it occupies the lower right side from approximately halfway across the lower perimeter and it extends a fraction into the viewfinder. What does it occupy - 5% of the viewfinder - perhaps?
Not much.
My postwar Leitz 5cm f/3.5 "Elmar" does not block the viewfinder. It is actually smaller than the Skopar, though some would want to shoot it with a hood which would be noticeable.