(For those jumping in, the above refers to 7D+500mm+1.4xTC versus 1D4+500mm+2xTC.)
I see you've applied crop factors. Crop factors only apply to field of view, not resolution on the subject. For example, a bird small in the frame, which camera gives more detail on the bird.
The key metric is true focal length and pixel pitch: 7D = 4.3 microns, 1D3 =5.7 microns
Angular size of a pixel (smaller is finer resolution): pixel pitch / focal length.
Convert pixel pitch to mm (= microns/1000):
7D+500mm+1.4x: 0.0043/700 = 0.0000061 = 6.1 microradians
1D4+500mm+2x: 0.0057/1000 = 0.0000057 = 5.7 microradians.
So the 1D4 setup will get more pixels on the subject (6.1/5.7 = 1.07x).
More on crop factor myths:
http://www.clarkvision.com/articles/cropfactor/
Personally I think the 1D4's larger pixels will produce better images, plus it has better high ISO performance, and the 45 point AF, more rugged, etc.
Roger