Yes, the 416, due to lower magnetic flux, has a higher Q than the 515. The rest of the specs (compliance, cone mass, etc) are almost identical. This gives the 515 a higher broadband efficiency and more HF extension (due to the stronger motor- it can accelerate the cone faster), at the expense of low end extension, just a bit.
The stronger motor also puts the 515 in a parameter range, where they work better in bass horns than the 416. The horn can make up for the loss of LF extension, in many cases.
Regards,
Gordon.