I never said it should be underexposed or overdeveloped. Quite the opposite. Reread my post.
As for the "has to be treated like a 200 iso", I've found It depends on the developer chosen and, of course, on the meter used, and on our metering habits. The official developer-specific curves published by the manufacturer are excellent and pretty accurate IME.
As stated, I routinely get 250EI with XT-3/Xtol 1:1 and am often very, very happy with 320EI with Fomadon LQN (an excellent match with Fomapan 400, more people should try it).
Of course it might just be a matter of personal preference.
We agree actually but it was poorly worded on my side. I meant that like you said, it should not be underexposed/overdeveloped

I also happen to rate fomapan 400 at EI 250 in XTOL/XT-3/fomadon excel, EI 125 in rodinal but only tried that once or twice.
Edit : Post in thread 'Fomapan 400 in rodinal 1:50 EI (35mm)' https://www.photrio.com/forum/threads/fomapan-400-in-rodinal-1-50-ei-35mm.198140/post-2666361
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