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There was a time, a few decades ago when I made exactly such a decision. At that time, I purchased a Ruger GP100, new, for just under the stated price limit.
I don't think it was a bad choice, but there are so many other options now that I doubt I would make the same choice again if I had to make it today. Besides the fact that it wouldn't be simple to find a GP100 for $400 or less these days.
From what's available today, I would probably look at trying to find a good quality CZ75 Clone. Tanfoglio is still making them and it should be possible to get one for under the price limit.
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