I apologize you are experiencing issues. I promise the Baby Jet was working fine before I shipped it to you, I guess something happened while it was in transit. I will poke around on the internet/forums and look for a solution.
Have you checked to make sure the water cooling setup is properly connected and working? Perhaps it is overheating, although your temperatures look OK in your after picture. Also check all connections inside the case to make sure everything it intact and seated correctly.
The screenshots show you are using bfgminer, but you do mention that you are using/have used cgminer. So, have you tried cgminer or not?
After adding up the devices it looks like you are still hashing at 381 Gh (and I disregarded the decimals so it is a bit faster than that), so it is only a bit slower than you started out. Are you sure that it is not an error with the hash rate reporting on minepeon and the pool is showing something different?
I'm assuming you adjusted the difficulty on Eligius/ghash?
One other idea.. I realize this isn't optimal, but have you tried hooking it up to a PC or laptop instead of using the Pi?
I tried just regular cgminer and it does the same thing after 30-40 minutes. I guess I can try a PC later today, but that will not work for my farm setup and no way I am running mining rigs at my house. Honestly 400GH is just not worth this much effort lol.