When we were deciding between the 4210 and the 4310, we found a difference of about $1,000 in price between the two, for again a 3-4 hp difference. HOWEVER, there is also a big difference between the 4210 and 4310 in (1) hydraulic capacity, and (2) loader/backhoe capacity (i.e., can put bigger loader/backhoe on 4310). We also thought about the 4410, but as you said the only real difference appears to be about 3-4 hp. Others have said they would really like to have the additional hp of the 4410, but we certainly haven't had any problems with what we've got in the 4310.
The question remains, then, as to the discrepancy in price difference going 4210-4310, versus 4310-4410; I'm wondering if part of the reason is simply a sales volume/production issue. I'm GUESSING that of the mid-sized 4X10 series, more 4310s are sold than either of the other two. If this is the case, the 4310 may simply be relatively cheaper because of sales volume.