350kcmil THHN 90 deg C is 350amps x 8 conductors is 2800 amps. Service is 2500
You can not use the 90 degree column unless the lugs AND equipment are rated 90 degrees and unless I'm mistaken there's no service equipment or transformers rated as such.
You can use the 90 degree column for derating though.
I agree. The 90 degree column is the wrong place to look for your ampacity, but it's a very common mistake.
You are limited by the temperature ratings of the lugs at the ends of the cable (see 110.14C). In every installation that I have ever seen or done you ended up being limited to the 75 degree column for the ampacity.
350 kcmil THHN is 310 Amps. 8 sets gets you 2,480 Amps. Since the overall ampacity is greater than 800 Amps, you can't get any relief from 240.4C.