TL;DR - the GK bi-amp feature is two amps. (Duh.) Adjust volume accordingly so that one amp doesn't drown out the other. I guess this just means I should use my 400RB-IV more, as it's simpler for low volume!
Definitely much more control with bi-amp vs sending a full range signal to the cab and attenuating the tweeter separately.
I am strongly considering getting a Neo212 not only for its woofer voicing and power handling, but the ability to bi-amp with my 700RB-II head.