First the disclaimer: I've owned 109 cars, trucks and motorcycles with 3 of those being Gen 1 K5s, 8 of the being Gen2 K5s, 1 being Gen3 and my current and final K5, a Gen2 frame and windshield cowl with Gen3 drive train. I'm almost 60 and have more opinions than hair, and you know what they say about opinions. Having said all that....
I've had both engines and both have pros, but lots of cons. Out of the starting gate I would opt for the 400 for the HP potential but the potential for cooling issues is high, especially if the motor and heads have never been apart and hot tanked.
The 6.2s were dogs but pretty reliable, but being glorified gasoline engines instead of designed from the ground as diesels left lots to be desired.
Maybe considering selling them both and taking that cash to add to more cash then buy yourself a crate 383 (or build it yourself).
If I couldn't do that but wanted a solid daily driver, I'd look for a solid 350. Existing (as opposed to living

) outsids of Houston, heart would be a huge favor for me.
Best of luck no matter what!