Just a little. Speakers convert amp voltage into sound. There's a limit to the useful amount of sound you can get out of one cab. Two cabs on the 400 is louder than one driven to an inch of its life by 700.
+1
The 700 is a heftier, louder amp, but beyond that point, more watts don't really make you any louder. The speakers can't make anything out of more power than that anyway.