It's all relative, and depends on how you are using it. LMR-400 has a definite edge over RG-58 at VHF/UHF. Depending on the length of the run, there honestly isn't much difference at HF. Some, sure, but not as much as most people think.
There are characteristics that come into play, power handling ability, losses per 100 feet, and ease of use (don't forget that one). That power handling ability is a real slippery one! If the load on the end of that coax is well tuned, any cable will be able to handle more power than it's rated for. If that load is not well tuned, then any cable will break down at less than it's rated capacity.
All coax cable has losses. When those losses become significant is when you should look for 'better' cable. Those losses are frequency related/dependent, it's not just the cable's length. Cable's behavior changes the higher you go in frequency (bands). What was just fine at HF may be terrible at VHF/UHF.
How about ease of use? The smaller sized cables are more flexible and easier to handle than the bigger stuff. It weighs less. If I had to move it very much I would certainly consider the 'smaller' cables before the bigger stuff. If I've got to remove vehicle body parts to be able to run the bigger/stiffer cable, guess who'z gonna opt for RG-58.
Oh boy! Then you get to consider cost. All things being equal (they never are though), I tend to use the less expensive cables. If one cable that may be marginally 'better' than another is three times the cost, I have to think I would have to do a LOT of thinking about that 'better' cable. If it isn't orders of magnitude better than the cheaper stuff, forget it.
You have to understand about how losses are measured. Usually they are measured in 'dB's. One biggy to keep in mind is that fractions of 1 dB are meaningless as far as you being heard or you hearing things. Until you get to about 3 dB you just aren't going to 'hear' a significant difference.
So... The original question. The LMR-400 cable is usually 'better' than RG-58. If I had to make a long run, more than a 100 feet of so, then I would consider it for HF. If it was for short runs, less than 75 - 100 feet, and if I wasn't running a lot of power (more than 200 - 500 watts) I'd still consider the LMR-400. If the run was less than that and if the power level wasn't a lot then RG-58 would probably be my choice. IF the only choice was between RG-58 and LMR-400 cable! There are a few more choices than that.
So are you gonna bang your head against the wall for going the way you did or not?
- 'Doc