I'm generally a proponent of big exhaust. I think a lot people have too small of an exhaust. That said, I think 2-1/2" pipes are plenty for a 400 hp engine, if it's a well designed system with good mufflers. As has been said, mandrel bends would be beneficial, especially if the pipes are going over the rear axle and out the back. Might as well get a cross-over of some type as well.
In very general terms you might say use 2-1/4" dual exhaust up to maybe 375 hp. Use 2-1/2" up to about 425 hp. Use 3" up to about 525 hp. Use 3-1/2" above that. I just made those numbers up, but they're in the ball park.
I like to err on the large side. It usually helps. The downside (if too big) is increased weight and more difficult fitment. I bet most people would add 25-50 hp to each of my recommendations above.
JMO,
paulie