I always preferred the CB350F to the 400F, the 400 was always too "slab sided" for me, but I know how popular they are here, particularly with people of smaller physical stature. 30 BHP at the rear wheel seems about right, and while I could see maybe an increase of 25% with a lot of work, 50+ rear wheel BHP without some major engineering changes is doubtful, in the extreme.
By comparison, check the specs below for Honda's latest high tech "tiddler", with all the 21's century tech, it still only produces a couple more HP than the claimed BHP for a 400F from 30 years ago:
Model: Honda CBR250RR
Engine: 4-cyl, 4-valve, liquid-cooled, 4-stroke
Comp: 11.5:1
Power: 40ps @14,500rpm (claimed)
Torque: 2.4kg-m @11,500rpm (claimed)
Weight: 158k dry (348 pounds)
Wheelbase: 1345mm
Front tyre: 110/70-17
Rear tyre: 140/60-17
Fuel tank: 13lt
Top speed: 165kmh (100 Mph)
The biggest problem with both bikes, (the 350F and 400F) is that due to the 4 tiny pistons hanging off 4 tiny conrods attached to a longish crankshaft etc,etc, there is a lot of metal in them, and as someone has already said here, the 350 twin (which was only ever meant to be a cheap and cheerful commuter with no sporting aspirations) was quicker, and capable of better lean angles due to it's narrower crankcases.
Once again, on smaller bikes, weight is everything, so a skinny jockey sized guy on a 400F would probably keep a big fat bloke on a 750 honest, but seeings how I'm more of the latter than the former, I'll stick with my 750's. Cheers, Terry.