It's a matter of opinion really but having ridden both bikes numerous times, I would be any money the 300 would be faster than 400 on a track. 400 blows balls they only made it for 2 years 500 was great made it for what like 20 years?
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Only imported it for 2 years. It's made for markets where their graduated licensing requires no more than a 400cc bike for the first step.