My opinion:
You shouldn't PUSH people to group because not grouping is worse exp.
No one is logging on and saying fuck groups im gonna exp alone forever solo-quest style.
The reason people solo is because they have no one to group with or there is pvp which is supposed to happen.
The logical thing to do is to keep the exp at its 400% rate because there is no reason to reduce it. Increase group exp to 500%.
You can argue it hasn't improved the population when it was at 400% by much, but it can in no way be argued that it is harming the server with any conclusive evidence that I have seen.
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