The preamp is pretty much in the same ballpark.
The main difference is that the Bass 400 (and Bass 800) use a SS component to drive the power stage; while the VTBP-M-800D uses a 12AY7 to drive the power stage. The result is that, side by side, the 400 is just a little bit quicker and not quite as thick. But, you need to be in a quiet studio and really listening to hear the difference.
I find the Bass 400 is actually pretty practical. On a cab, it punches well above what you would think that power section would do. I’ve actually put it on my Berg NV610, and it drives that cab just fine; well enough to do gigs. Also, the Bass 400 makes a fantastic ampless preamp/DI; but, if possible, get the Jensen option.
The Bass 400 is a great piece of kit. It is NOT as awesome as it’s bigger brother VTBP-M-800. But, it’s small size and versatility make it really useful. IME.