If you didn’t know which model you had, you probably couldn’t tell the difference. 394 used an intake block between the carburetor and cylinder, where the 395 uses a boot. The boot insulates the carburetor from the cylinder heat a little better. 394 is a dual port transfer motor where are 395 breaks into four ports
I have limited experience, but the 394 seems more “vicious” feeling that the 395. But the 395 tends to get through wood faster and feels slower because of how smooth it is.
An OEM 395 top end can be had for around $100. That leans me more towards it as well. Not sure on the 394 top end kits.
If buying a whole saw to fix up make sure you get a newer 395 if your new to the game. No real point in going backwards for a jug no longer available new. If your buying a topless saw as in no cylinder, intake or carb you can get the update kit to retrofit a 394 to a 395. A few other parts changed not mentioned like flywheels and carb boxes. Just learned them myself this past year mostly.
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