There is one great feature the SP-400 (and BC-1004/779, etc) has - and that is the continuously variable IF bandwidth.
I use a BC-1004 for my main station receiver - converted to solid state, but otherwise the IFs are all BC-1004 original. I actually own 4 of these receivers (2 super pros and 2 BC-1004s).
The skirt selectivity is not good, so don't expect much on that score. In its stock form, the audio is poor (some here will disagree, but I'm comparing the stock receiver's tube audio output to a homebrew 50 watt solid state amplifier - and as compared to that, the audio is VERY poor).
The detector is not bad... and if you take audio from across the audio gain pot and feed it to an external amplifier, it will be reasonable. I seem to recall the AVC was usable, but its been a long time since I've used one in stock form!
Because the IF skirts are shallow, the frequency response (of the IF) is very good, and is pleasant to the ear.
Anyway, that's my $.02
Regards,
Steve