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the spa is heated by a milivilt heater 150,000 btu/propane fired - is is ok to leave it about 50degrees, just above freezing or should the water be warmer -
Do what you want to do with this. The cost vs value question with regards to a faster heat up time is up to you. If you leave the spa at 50 degrees, it will take X time to heat up to a useable 100 or whatever your preference is.
But if you use the spa like once a week, then 40 degrees would probably be more appropriate and save you a lot of propane.
There is no exact science to this. Use your best judgement, in practice.