Although I have never used the 150-500- I'd suggest that the 150-500 would likely be the better choice. It probably would not hurt to try a 2.x TC and see if and how well it works- but I would suspect that the 150-500 would be faster and probably a little higher IQ wise. Everyone that I respect that has suggested anything about TC's- suggests that it's hit or miss as to whether or not a 2x TC will work good with any other particular lens.
I have the Sigma 70-200 OS- which is a bit newer.. On the 7D- it's OK- as long as it is stopped down a bit with the 2x tc. On the 5D3- this combo is a bit better. However, for max reach- I prefer using the heavier 50-500 - it's just better overall. I carry around the 2x TC & 1.4 TC in case I am not packing the 50-500.. Besides, the 50-500 looks more impressive..
EOS 5D III, EOS 7D,EOS Rebel T4i, Canon 70-200 f/2.8 IS II, Canon 24-105L, Canon 18-135 IS STM, 1.4x TC III, 2.0x TC III, Σ 50mm f/1.4, Σ 17-50 OS, Σ 70-200 OS, Σ 50-500 OS, Σ 1.4x TC, Σ 2.0x TC, 580EXII(3), Canon SX-40, Canon S100
Fond memories: Rebel T1i, Canon 18-55 IS, Canon 55-250 IS, 18-135 IS (Given to a good home)...