well first of all yes, the increased aperture (f2.8 vs f3.5-5.6) will give you more light and the ability to use a faster shutter. As for that lens, it's probably one of the best, if not the best canon lens out there. i have the non IS version (I alreayd have the 100-400 IS and the 28-135Is so I figured I'd save a bit of $$$) and I absolutley love it. Just remember that the IS will not help with the motion of the fire or the trees as it can only compensate for the movement of the camera itself.
As for the metering, that's a good question. That scene has a huge dynamic range (meaning a lot of very dark and a lot of very light) so it's going to be impossible to get the perfect shot. you're going to have to choose from either blown out highlights in the fire or very under exposed areas in the shadows. Personally I think I'd spot meter off something like a bright spot in the smoke and get something in the middle. you'll still have some blown out spots in the center of the fire and some underexposed spots in the shadows but it shouldn't be too bad.
Forget about doing any HDR shots because the movement of people and the fire will screw that up. The one thing to be sure of is to shoot RAW and then you can probably gain a little bit back by using the recovery and fill light sliders in Lightroom or CS3 if you have it.
As for the metering, that's a good question. That scene has a huge dynamic range (meaning a lot of very dark and a lot of very light) so it's going to be impossible to get the perfect shot. you're going to have to choose from either blown out highlights in the fire or very under exposed areas in the shadows. Personally I think I'd spot meter off something like a bright spot in the smoke and get something in the middle. you'll still have some blown out spots in the center of the fire and some underexposed spots in the shadows but it shouldn't be too bad.
Forget about doing any HDR shots because the movement of people and the fire will screw that up. The one thing to be sure of is to shoot RAW and then you can probably gain a little bit back by using the recovery and fill light sliders in Lightroom or CS3 if you have it.