Has anyone seen the programme "Bikes Aloud" where the moto journo rides Rossi's 2002/3 RCV? He said the bike was "so friendly, so confidence inspiring, easy to ride and push even as a novice", I don't think he could ever have said that about a 500, and probably wouldn't even ever been allowed to try on one!
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but you still have to remember that mossie i think his name is, is an EX racer and had ridden just about everything around, i read interviwes after he has smashed up full factory RC45s at cadwell.
i recon if you put someone on my NSR (either of em) and then on my CBR which are similar power outputs they would say that the CBR was more confidece inspiring and easier to ride than the 250, they are the characteristics of a 2 and 4 stroke.
i think you are right if the 500s were still around they would still break the lap record wherever they are every year, and would be faster than the 250 for sure
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MC21SP - Roth-tax
CBR400 - track
MC21R - sold
MC21SP - sold