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a 400 can provide a more even current under heavier loads >>
Not exactly. A 400 watt PS will give you more [power] headroom for additional power consuming components (i.e. HDs, PCI/AGP cards, Fans). Taking a look at 2 common PS from a well known manufacturer: the
400w PS provides a combined 5v / 3.3v power of 245 watts max, while the
300w version only 160 watts. Also, the 12v output of the 400w can provide up to 144 watts max while the 300 only 120 watts.
The 'even'-ness of the current is more of a product quality issue than of a power. One manufacturer might use higher quality components (for filtering, regulating or buffering) than the next.