About figures and ships there is a huge diference.
5 feet divided by 350 is 0,017
5 feet divided by 300 is 0,020 - its 0,003 dif. +/- ( 0,9 mm or 0,035 inch )
But :
800 feet divided by 350 is 2,285
800 feet divided by 300 is 2,666 - its 0,381 feet dif. +/- (11,5 cm or 4,5 inch ).
However i think you should by it anyway, i have 1/350 and 1/700 ships. 2 diferent scale collections.
What i mean is that they are diferent scales only.
I can tell you that 1/400 scale have interesting ships, the german Prinz eugen, for exemple.
best regards