The advance should be checked. Adjust it with a strobe timing light, increase revs until you see full advance, and set the timing to be at or just past the advance line. The idle/low RPM advance may not be at the F line, probably won't be... but that really does not matter at all. Full advance is where you will be doing almost all your riding: this engine loves to rev, and riding on the street below 4000 or so will be lugging the engine with just about any throttle increase.
Possibly you're just unaccustomed to the anemic acceleration possible below 3000 RPM from a 400F? You get a bit more from 3000, the engine wakes up and pulls pretty good from around 5000 to redline.