Hi, thank you for the reply. I guess I was trying to find out the difference between the two lens. I have been told that a 70-200 2.8 would somehow give me a better shot than my current lens.
Sorry it should have said 70-200 non lens
Firstly if you don't know why a lens is better I wouldn't worry about it as you're probably not going to appreciate it. Wait until you've learnt enough to get the absolute best from the equipment you have and until know why the new lens would be better.
But if you do want to know:
I guess by 70-200 "non" lens you mean the "Canon EF 70-200mm f/2.8 L USM" or the "Canon EF 70-200mm f/4.0 L USM" as these are sometimes referred to as the non-IS lenses because there are also versions of them that feature IS. There are four Canon 70-200mm lenses which get progressively more expensive.
Canon EF 70-200mm f/4.0 L USM - £508
Canon EF 70-200mm f/4.0 L IS USM - £939
Canon EF 70-200mm f/2.8 L USM - £998
Canon EF 70-200mm f/2.8 L IS II USM - £1920
(Prices from Calumet Photographic's website)
Everything* about the 70-200mm L lenses is better than what you have (the Canon EF 70-300mm f/4-5.6 IS USM) except the fact yours is 100mm longer (which might matter a fair bit if you're photographing bikes) and two of the four 70-200mm lenses don't have IS.
*Image quality, build quality, the 70-200mm are a sealed unit whereas yours extends for focusing and zooming and has a rotating front element, the 70-200mm have ring USM whereas yours has the slower micro-motor usm, faster maximum aperture so you can get the same shutter speeds at the same ISO in lower light (and it should help with autofocus a bit).
I was also asking what are the converters used for?
The converters make a lens' focal length longer. For example if you put a 2x converter between your camera and your 70-300mm lens the lens would become a 140-600mm lens. However, they also make your maximum aperture smaller so your 70-300mm f/4-5.6 with a 2x would become a 140-600mm f/8-11 lens which means you lose a lot of light. The autofocus on a 450D won't work if the maximum aperture is smaller than f/5.6 so if you put a converter between the lens you have and the camera you have you would lose autofocus.