Since this is largely about a RNZAF capability, I am continuing this here.
Personally I disagree, but I have some questions to clarify my understanding of the position.
For the RNZAF's FAMC requirement, as I understand it, there are two components both of which are fixed wing. The first, which is also IMO the most urgent, would be a tactical airlift replacement for the C-130H and potential candidates could be CN-235, C-295, C-27J, C-130J, KC-390 or perhaps even the A400M. The other requirement is for a strategic airlift replacement for the B-757, with potential candidates being militarized version of newer civilian passenger/freight airliners, the A400M, Kawasaki C-2, or perhaps even 'surplus' C-17's from USAF stocks.
My take on the aircraft listed is that the A400M would be more suitable as a replacement for the strategic airlift requirement and would be overkill, both in terms of acquisition and operating costs, for the tactical airlift role. As I understand it, there already exist a significant number of airlift missions where C-130 transports were moving a quantity of cargo that was much smaller than either the volume or weight a C-130 could carry, so that the Hercules was flying mostly empty. The Hercules was used (by the USAF and RAAF in these instances) because it was the aircraft which was available when/where needed that met or exceeded the range and cargo weight/volume requirements. If the A400M is selected to fill the tactical airlift role, then I suspect the operating costs for airlift to go up, and the cost per weight/volume of cargo carried to also climb, because there would be even more missions where aircraft are flying mostly empty because smaller and less expensive aircraft to operate are just not in the inventory.
Personally, I think the RNZAF fixed wing air transport fleet needs to go back to a structure similar to what it had in the 1990's where there were three tiers of transport with the Andovers, C-130H, and B727's, covering tactical (short and medium) airlift, and then strategic airlift.