Phil,
No problem on the patience front. Understanding binoculars and resolution is a learning process, and I for one am still learning more, including during the testing done during the short life of this present thread.
For instance, inspired by the unexpectedly good results with the 8x20 Ultravid, yesterday I tested the ATX 95 scope carefully for limiting resolution at ca 0.8 exit pupils. I could resolve 4,2 at 10.3 meters which comes to 107/D. With a 20mm aperture mask and 30x magnification, I got 2/1 at 10m = 104/D. These results are now with the closest to perfect optics I have had the privilege of using, and put the Ultravid results into a more reasonable perspective. On the other hand, only three weeks ago I believed that line-pair orientation readings under 115/D would be virtually impossible to achieve.
Your reasoning about differences as distances increase is in accordance with mine. It is true that a ten percent difference between two alpha binoculars of equal magnification is a bit much (although possible if one of them is a lemon and the other one a cherry), but 5% is not particularly far-fetched for a viewer with excellent visual acuity.
The advantage coming from the stabilization is another matter on top of it. Last night I spend some time comparing a Zeiss SF 8x42 and Swaro SV EL 8.5x42 viewing the skyline of the city through my window, sitting down and leaning my elbows solidly on a desk in front of the window. This was much more stable than my normal hand-held viewing, but not nearly the same as using a tripod. I could see small differences in detail detection between the two, in favor of the slightly higher magnification of the SV, and neon light texts just barely readable were more readable with the Swaro. Taking the Canon 10x42 IS L into the mix without the IS on, due to its 10x power advantage it made reading easier and enabled reading some texts and detection of detail not possible with the other two. Engaging the stabilization again dramatically improved the view, making it possible to read signs that I had hardly noticed with the 8x and 8.5x binoculars.
About checking collimation, there are two types of collimation that are important. One is the binocular collimation, or proper alignment of the optical axes of the left and right eye tubes. The best layman test for this is to have a point of light or some other easily detectable and smallish object that is at least 300 m away. Focus on it, and start moving your head away from the binoculars. You want to be able to see the centered object with your left eye in the left exit pupil and with your right eye in the right exit pupil at least up to about 30 cm away from the binocular. Not many binoculars will have perfect collimation, so you need a bit of experience to be able to decide what is good enough, but this test works well. However, for normal binoculars you need to have them resting on something stable, otherwise it is very hard to keep alignment between the target, the binocular and your eyes. With the Canons, the IS makes this possible even without mounting the bins, at least up to the length of your arms.
The other type of collimation I was talking about with regard of testing the Canons, or any other binoculars for that matter, is centering of optical elements along a single and precise optical axis within each tube. This sound fancy and technical, but what you need to do is only to find a tiny point of light (a star, a glitter point, anything really that is small enough that your eye should see it as a point and not an extended object through the binocular). You focus it as sharp as you can, and if the binocular is in collimation, it looks like a point. If it isn't in collimation, it looks like a tiny shuttlecock. You should check this separately for both tubes and make sure that what you may be seeing is not a defect of your eye. Miscollimation of this latter kind is dishearteningly common even in top-range binoculars, and always degrades the image. Since the Canon shows you a virtually still image much of the time, you will see flaws in its image that will largely go undetected in the image of an unstabilized binocular. Additionally, since the stabilization prisms do induce some wedge into the optical path whenever the momentary correction angle is not very small, this will induce some miscollimation-like effects into the image which will add up to whatever miscollimation there may be to begin with. So, the better the optics of the individual Canon specimen you have, the better the stabilization will work.
Kimmo