While it would work, you would have two issues:
1) assuming you would be running 8ohms per 'side', you'd only be putting about 140 watts into the low end. That's probably not enough, and I don't think the extra cab and crossing over will make up for the volume drop versus your current bridging at 8ohms.
2) Just because a cab has an 18 in it doesn't guarantee it will handle those sub harmonics and huge low end that amp puts out.
Even though it will run hot, I think you can bridge to 4ohms with that amp. So, probably doing that into a second 212 would give you the most 'bang for your buck.
That 140 watts aside is not enough I agree. Bridging at 4 ohms is possible but the least efficient as more power is drawn from the wall than is generated as sound. I just read the owners manual. It can get quite hot and may need a rebias because of it.
For your sound goals what do you want?
Do you like your bass's sound?
The Pre of the SM-400?
Have you tried the eq suggestions from above?
The Output stage?
The whole head?
Have you tried that head on other cabs?
Do you like your cab?
