They are pretty close. the 400 5.6 has been a stellar lens for years. the reasons one would choose the the 400 5.6 over the original 100-400 were:
Tack Sharp
Super Fast AF
Lightweight
Built in Hood
The 100-400 II pretty much matches it except for the lightweight, but.....it has a 4 stop image stabilizer. so that is a trade off i am willing to live off. oh yeah, it zooms, now has a min. focus distance of 1 meter, and the hood has a cool notch in it, so that if you are using a circular PL, you can rotate it w/o taking the hood off...
Tack Sharp
Super Fast AF
Lightweight
Built in Hood
The 100-400 II pretty much matches it except for the lightweight, but.....it has a 4 stop image stabilizer. so that is a trade off i am willing to live off. oh yeah, it zooms, now has a min. focus distance of 1 meter, and the hood has a cool notch in it, so that if you are using a circular PL, you can rotate it w/o taking the hood off...