So I guess I'm Still not understanding the rating you would get if you ct meter a 400 amp service
You need to get out of the mindset that the meter is somehow a limiting device on service size.
Most of the time if one has a 400 amp service that usually means there is a 400 amp main overcurrent device or devices that sum up to 400 amps.
Per NEC if we have only one service disconnect then the supply conductors (using the 400 amp example) would need to be 400 amps or at least conductors that have ampacity above next lower standard size device so at least 351 amp conductors so long as calculated load doesn't exceed the conductor ampacity.
If we have the allowed two to six service disconnects or even special conditions that permit more then that, we could easily have the sum of all overcurrent devices exceed the ampacity of the conductors that supply them - but conductors must still have ampacity that at least meets the calculated load.
Good example sticking with a 320 meter might be a six unit apartment structure that has one meter for all six apartments, but has six 100 amp service disconnects (and a net load calculation that is 400 or less factoring any continuous loads at 125%). Here we have the ability to supply 600 amps of current without tripping anything but this is still a 400 amp service because that is all it was designed to handle. Some POCO's won't always see it that way but most will. Many of them also will only supply it with a 25, 37.5 or maybe a 50 kVA transformer just depends on actual load and demand,though if it really draws 400 for any extended time they would likely need to use a 100 kVA unit.