That's a TOUGH question because I'm afraid you might be dissatisfied with EITHER, but for different reasons.
In my opinion, the old V4B is underpowered. Especially with todays cabs which are able to take high power but are often less efficient (less loud for a given amount of amp power) than the old cabs. The old V4B cab was a LOUD folded horn cab and that helped the 100W head. I've owned two 70's V4B heads.
On the other hand, the solid-state SVT-400 has the power but probably not the tone. I've never owned one of those but I've owned a GK 1001RB and a 700RB (which are similar amps) and for me, the tone wasn't there. I ended up going back to (high powered) tubes and getting an SVT-CL and a Peavey VB-2.
If you have to choose between them and you're gigging in a band, I'd probably (somewhat reluctantly) go with the SVT-400 because it has adequate power and you can work on the tone. The p-bass is about the easiest bass to get a good tone using practically any amp. I've heard p-basses sound GREAT through old solid state Peavey amps that I considered crummy.
However, if you're a tube tone guy you'll probably end up with an SVT or Mesa 400+ (or something similar) sooner or later.
In my opinion, the old V4B is underpowered. Especially with todays cabs which are able to take high power but are often less efficient (less loud for a given amount of amp power) than the old cabs. The old V4B cab was a LOUD folded horn cab and that helped the 100W head. I've owned two 70's V4B heads.
On the other hand, the solid-state SVT-400 has the power but probably not the tone. I've never owned one of those but I've owned a GK 1001RB and a 700RB (which are similar amps) and for me, the tone wasn't there. I ended up going back to (high powered) tubes and getting an SVT-CL and a Peavey VB-2.
If you have to choose between them and you're gigging in a band, I'd probably (somewhat reluctantly) go with the SVT-400 because it has adequate power and you can work on the tone. The p-bass is about the easiest bass to get a good tone using practically any amp. I've heard p-basses sound GREAT through old solid state Peavey amps that I considered crummy.
However, if you're a tube tone guy you'll probably end up with an SVT or Mesa 400+ (or something similar) sooner or later.
I am looking at buying either the 70's Ampeg V4B at $400
or the Ampeg SVT-400 at $475
I have Ampeg 4x10 and 1x15 8 Ohm cabs and am looking for the best bang for my buck. I play a Standard P Bass - gigs at small to medium bars and clubs. Mostly rock and blues, some jam.