Good summary above, but I'd interject that because the 400 main journal is larger than the 350 main journal, there is no bearing that will make the 400 crank work in a 350, which means you need to cut the mains.
Personally, I don't like externally balanced cranks, so I would go with an aftermarket fully-counterweighted crank with the correct main journal sizes. Also, because of the reduced crankpin overlap (due to the longer stroke and smaller main journal combination), I'd go with a forged crank or an ArmaSteel crank at the very least. Of course, I tend to wind my engines out a bit and feel much safer with a slightly more expensive crank because of the extra margin of safety it would provide.
Oh, the other thing is that at 0.030" overbore, it would be a 383. At 0.020" it's a 381. At 0.060" it's a 388.