Hands down the best way to go is a 383. Here is why, their a little cheaper, the blocks are much stronger in the deck area and the main web area, out of the last 5 400 blocks I bought out of running vehicles 3 were cracked. They all pretty much crack in the deck area around the steam holes but their major problem which I have found to be VERY common is they crack near the lifter bores between number 2 and 4 cylinders. At the RPM's a DD runs at you can not possibly notice the HP difference! A good pump gas engine builder will make 1.5HP per cubic inch so around 6,000RPM your gonna see 25HP max difference between a 400 and a 383 and at 3,200 I doubt there is even a 12HP difference. However with the 383 you can run more timing and more cylinder pressure because of the smaller bore. You can make a 383 run just as good if not better then a 400 at 3,200RPM under a heavy load and the 383 will be much more reliable then the 400 can dream of. So to sum it up bigger bore motors are prone to detonating and the 400 blocks are rare, most cores are cracked and the deck surface doesn't hold gaskets as well. I prefer a 383 to a 400 99% of the time in airboat applications. If you run your boat hard and dry or run a DD go with a 383! If you know a good engine builder or if you can do it your self put a 3.875 ARM in it and build a 396! I have several 383's running on airboats with over ten years of reliable service!