It did noticeably help with mid- and upper-range distortion and improved clarity/detail. I highly recommend both mods, they're not at all difficult and totally reversible, and for the fuzzor mod the HE-400 is notably easier than with the HE-500 because of the smaller drivers. I can try to find a picture of another member's result if that would help; my work was by no means immaculate and didn't even entirely cover the portion theirs did, so I suspect even better results than mine may be had.
Agreed, it's worth trying both mods for oneself, as they are not difficult and are reversible. BUT...
...does the HE-400 really have smaller drivers? Aren't they physically the same size? I was thinking all HFM cans in the "HE" line had the same physical dimension, at least in terms of circumference. For example, aren't the grills interchangeable between all models? If that's true, I'm curious what you mean by "smaller."