Both Lenses you mention are very very good however my preference is for the 400mm its just such a great Lens to use with lightning fast autofocus and tack sharp
the 400mm is obviously F5.6 opposed to the 300mm's F4 which really makes neither of them Low Light Lenses
so keep that in mind I took my 300mm F4 lens to a night match under spotlights and was sorely dissapointed with the results thinking high ISO would save me (it didn't)
the 300mm F2.8 is obviously a better Lens than both but the price reflects that
a good 2nd hand F2.8 Lens would always get the vote over the other two in question here
I actually own both and I much prefer the 400mm for daytime shooting I have a 1 series camera which allows autofocus with converters, but needs a nice day to get an effective shutter speed using converters
my 2p
Chris