Speedy metals lists 416 stainless at 75k tensile, 40k yield, 155 hardness (not as hard as 304 which has 180 hardness), 110% machinability, poor weldability, can be heat treated (unlike 304 which cannot be heat treated), and listed as good for pump rods and pistons at high elevated temperatures.
The corrosion resistance at elevated temperatures seems to go up as the machinability goes down, for instance 316 has good corrosion resistance at high elevated temperatures, but only has 36% machinability. I believe 316 has much better corrosion resistance than 416, but I need to verify that.
I generally go for machinability first, and strength second.
The corrosion resistance of the different stainless grades does vary, and may make a difference under elevated temperature applications.
My thoughts are if it is too hard to machine, then I don't use it for models.
The very hard materials can be ground to shape in some applications.
I like the stainless 416 with its 110% machinability.
Pat J