I Believe that the downfall did not start with the 400/450 but insted the 460- Thats was the turning point in my opinon, they held on to the letter series rearends to long and it showed when the pumped 6 cyl hp through it, When they finally recalled everything for the 460 they were losing so much money they couldnt make a comeback
I guess it can be argued that becuase IH stood behind their machine and recalled it when something was not right was their downfall.
If the 706/806 series had been intro'd insted of the 460/560 IH could be still operational in the farm business IMHO
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