
I agree with you, there may be a slight difference but the EF 100-400Lii holds its own especially hand held where I do 99% of my shooting, to me the 1.4xiii may be slightly soft (???) the RF 1.4x on the 100-500 holds up better.
Maybe someday I can justify the RF 100-500 after all I still have a hankering for it!!
Canon certainly were thinking out of the box with the RF 100-500 F7.1 LIS. The ef 100-400 LIS II is an exceptional lens an how could Canon top that for the next generation? They created a new optical formula that played to all of the strengths of the previous lens and added to the mix of great features.
The optical performance of the 100-400IIL has always been stellar, way better than the MK1. But also the mkII got far better AF and one of the best ef image Stabilisers every made. But using a 1.4xTC was tricky on a DSLR, the Af systems stuggled with f8. Fast forwards to the newer generation of mirrorless...and the AF is not brightness dependent.
The odd ball brightness rating of the RF 100-500 is actually quite useful at the 500 end of the zoom range, usually the things we need to shoot at 500mm need a deeper depth of field. So it works for us most of the time, and this lens is sharp wide open at 500mm. Unlike the 100-400 IIL, which was always a little short of the 400mm stated (closer to 380mm), the new RF 100-500 is a true 500mm.
The ef 100-400IIL with a 1.4x TC combo is a lot better on the mirrorless format than it was on the EF format, purely because of the superior AF tracking at F8. The only inconvieniences are the increased size and bulk...and the fact ath you have to add a TC. You get a wee bit more focal length (maybe about 530mm?) but a drop of 1/2 a stop. The Af is a little less urgent and the images are slightly softer (although very servicable).
So the upshot is, the RF100-500 is slightly better in every area to the ef 100-400II. But that doesn't devalue the 100-400IIL, it's still an excellent and very capable lens. Canon have sold a ton of these for good reason. The issue is that the new RF 100-500 is a VERY expensive lens. Here in the UK, I can buy a used ef 400mm f2.8 LIS for the same price!