I have 400W over LPS and Softies, and have had good success for years. The various leathers seem to do fine, as well as hammer, bubble and frogspawn corals, zooanthids, open brains, favites, blastomussa, etc. My tank is 30" deep, though.
I would say that you should have no problems, though the mushrooms might not like it too much. Whatever you do, you'll need to acclimate everything to the brighter light by either temporarily screening the light or starting out with it much further above the water than your final setting.
Of course, 400W means you're nearly doubling the heat input from the lamp and nearly doubling your lighting bill, for whatever that's worth.
--Albert