In classical predicate logic, there is a distinction between the formula level and the term level. Since an n-ary function can be represented as an (n+1)-ary predicate, restricting only the number of function symbols does not lessen the expressivity.
In prolog, there is no difference between the formula and the term level. You might pick an n-ary symbol p and try to encode turing machines or an equivalent notion(e.g. recursive functions) via nestings of p.
From my intution I would assume this is not possible: you can basically describe n-ary trees with variables as leaves, but then you can always unify these trees. This means that every rule head will match during recursive derivations and therefore you are unable to express any case distinction. Still, this is just an informal argument, not a proof.
P.S. you might also be interested in monadic logic, where only unary predicates are allowed. This fragment of first-order logic is decidable.