It's a personal preference, but the PV settings and jetting make a huge difference in the power delivery on the 300.
At least six of my friends have 300 Exc's (mostly '99 and '00) and ride single track. With stock jetting and PV settings, the bikes have a hit in the midrange and got poor fuel range. After rejetting and adjusting the PV to open later, the bikes have excellent, smooth low and midrange and get about 70 miles per tank.
FWIW, the fastest guys I know like the smoother power delivery of the late opening PV. On single track, these guys ride a gear high, keeping the revs low and the speed fast, clutching as needed and not shifting much.
When the trail widens or we hit a dirt road, they open up those powervalves and the bikes are rockets. From a stop to 55 mph or so they will pull my CR250 by a couple of bike lengths if traction is excellent.
With the late opening PV's, the 300 is still as fast as anybike out there in a WFO drag race, but you get a nice manageable motor in the tight stuff.