John - since I know you love accurate details, the listed weight of the 7x42 is incorrect in Leica’s specs. They seem to have swapped the 10x and 7x weights as the 7x42 weighs ~750g and is the lightest 42, I assume due to the simpler ocular design.
Like you I’m largely confused about the appeal of the 8x50. The 7x42 is much smaller, much lighter, has a much wider FOV and has basically the same exit pupil size. And it also has comfortably long eye relief. I don’t know why one would choose the 8x50 over the 7x42.
The 10x50 is much more interesting to me with its much wider AFOV, and the larger aperture allowing for a still comfy 5mm exit pupil despite the higher mag, making the extra size and weight easier to justify.