Given how loud the PJB C8 wants to be with the D350, I suspect I could probably hear it fairly well. However, if I find myself in the happy circumstance of being able to try my C8 with a Subway 215, I'll keep what you said in the back of my mind, and be neither surprised nor disappointed if it turns out you're right. The C8 is still a great cab. And I still haven't stopped gassing for a 215.The D-350 into the Subway 215 would simply dominate, you may not even be able to hear the PJB.
We did quite a bit of testing with the D-350 into the 215, it was quite a bit louder, deeper and tighter than a Walkabout 115 with a Scout 115 extension cabinet.
That said... The Subway 215 is a 4 ohm cab, isn't it? I wouldn't want to be running that with any other cab when being powered by the D350, correct?