Step 1: Translate “wins by” into speed ratios (track length $L=400$ m).
A beats B by $5$ m $\Rightarrow$ when A runs $400$, B runs $395$ $\Rightarrow \dfrac{v_A}{v_B}=\dfrac{400}{395}=\dfrac{80}{79}$.
B beats C by $4$ m $\Rightarrow$ when B runs $400$, C runs $396$ $\Rightarrow \dfrac{v_B}{v_C}=\dfrac{400}{396}=\dfrac{100}{99}$.
D beats C by $16$ m $\Rightarrow$ when D runs $400$, C runs $384$ $\Rightarrow \dfrac{v_D}{v_C}=\dfrac{400}{384}=\dfrac{25}{24}$, hence $\dfrac{v_C}{v_D}=\dfrac{24}{25}$.
Step 2: Relate A and D.
\[
\dfrac{v_A}{v_D}
= \left(\dfrac{v_A}{v_B}\right)\!\left(\dfrac{v_B}{v_C}\right)\!\left(\dfrac{v_C}{v_D}\right)
= \dfrac{80}{79}\cdot\dfrac{100}{99}\cdot\dfrac{24}{25}
= \dfrac{192000}{195525}\approx 0.9820.
\]
Since $\dfrac{v_A}{v_D}<1$, D is faster than A.
Step 3: Convert the speed advantage to a distance lead over 400 m.
When D finishes $400$ m, A covers $400 \times \dfrac{v_A}{v_D} \approx 400 \times 0.9820 \approx 392.8$ m.
Therefore, D’s winning margin $\Rightarrow 400 - 392.8 \approx 7.2 \text{ m} \approx \boxed{7.3 \text{ metres}}.$