Its not a bad lens all, however personally, I just use a 70-200 mk II (Stunning), with a 1.4x III on it if I want longer. (So thats constant F4)
This is my main setup when shooting Eagles inflight in Alaska, and I can say it is superb for resolution, clarity etc etc.
The MTF and pixel peeping watchers don't like teleconverters at all I know (and I'm a geek at heart), but I can say from experience and resultant A2 prints, that the combination is stunning.
I also use the 70-200 2.8 II with the 2x III extensivley as well, and the results are equally as good. Is it slightly softer at 100%?, yes. Noticeably so in a print out to A2? nope.
I agonized for months (years ?) of the "perfect" setup, and either own or have tried a number of 300mm lens (I have the 300 2.8, tried the 120-300 2.8 of Sigma, etc etc) and settled on this for the midrange tele-zoom for flight and general photography. I occasionally want for that extra stop at 300mm, but pretty rarely.
The flexibility of the 70-200 mk II, with a 1.4x III and 2.0x III is an unbelievably good combination as is my standard 'over the shoulder' setup.
Note: I'm shooting this setup with either a Canon 1dIV or 1dsIII.
Regards
Mark Farnan.