Two crops, the 100-400 II is on the right.
They're pretty darn close in the center, but not when you move away from the center. For some people that's not important. For others it is. Some like to do compressed landscapes with telephoto lenses. Sharpness across the frame matters then.
The 100-400 II takes a 1.4x converter very nicely with certain cameras to give you 560mm. I've done it a lot, it looks good. The 70-200 of course has the f2.8 aperture which is nearly indispensable for some photography. I guess you
could inter-change them, but to me they're two different tools.