Code requires the services conductors to be sized for the calculated load.
If your installing a "400-amp" service with multiple switches, size the conductors to the load calculation.
If your installing a "400-amp" service with a single 400-amp switch then size for the rating of the switch (400-amp).
I install underground "400-amp" services with a 320-amp meter socket fed by 2-sets of 4/0 URD, then put two 200-amp main breaker panels grouped in the dwelling. Is it really a 400-amp service? No, it is a service with two 200-amp switches with a rating capacity of that of the 2 sets of 4/0 URD...depending if it is in the same conduit or separate conduits. It is generally referred to as a "400-amp" service though.