Ive run a 600W bulb dimmed at the '400W' setting but was told it supposedly alters the wavelengths of light emitted from the lamp. So its best to keep the bulb wattage to the setting on the ballast to get the correct light etc...
I believe it would be 400W plus the energy lost in the ballast...so say its a 90% efficient ballast, if it outputs 400W to the lamp, the ballast will be drawing 444W.
(400W / 90%) x 100 = 444.4W