Wow! What a dilemma. Over the past 18 months I have run across good deals on both of the lens, so now I have both of them.
The 400mm f/5.6 is a very sharp lens. For its size, it is very well balanced. With a 5.6 aperture you need some good light for a fast shutter speed if you hand hold or you will need a tripod or monopd. I have a Tamron pro series 1.4ex that I have placed tape on three of the pins that allows the 400 to autofocus. It slows it down but I have never really had the chance to use this combination alot. You might check on the buy and sell forum, Jim Victory has a 400f/5.6 for sale at a good price.
The 300mm f/4 is also a well balanced lens. Its a tad lighter than the 400 but is razor sharp. The IS on this lens is the old style and only gives a 2 f-stop advantage but it does help and old guy like me. I used a Canon 1.4x on this lens and it works very well. There again, your now at f/5.6 so youu will need good light to achieve a fast enough shutter speed.
If you buy either of these lens and don't like them, you won't have much problem selling them. Check the photos listed under the lens section. Sorry I could not be of more help. I like both of them.
