The 394xp was a more "raw" power feeling saw than the updated 395xp, which felt a little smoother if not a hair down on power. The 394xp had a solid intake block that was prone to cracking and leaking, the 395xp changed that to a rubber intake, but also changed port timing a little, and later changed the Tillotson carb to a more EPA compliant Walbro carb. Both would be excellent milling heads if you want to get into CSM. However, they'll benefit you the most in a CSM if you plan to run a longer bar, in harder wood, more frequently.
If you wood is softwood species, and/or smaller diameter, and/or you only plan to occasionally mill or use the saw for felling/bucking, or don't have any long bars, the 390xp starts looking like a better fit for your needs.
Any more info to help the forum make a decision for you?