I own four 10 x 32 binoculars, one of them being the Minox BN 10 x 32 BR Aspheric which is discontinued.
I never considered buying the Leupold 10 x 32 Katmai because of it's very short eye relief of 10mm and it's narrow FOV of 272' @ 1000 yards. The top of the line 10 x 25 compact binoculars beat these numbers.
The Minox, if you can find one, has 15.3 mm eye relief and a standard 315' FOV @ 1000 yards. It weighs about 21 ounces as I recall which is 4 ounces more than the Leupold. It also comes with a very nice lightweight leather case. Optically it is about as good a $400.00 10 x 32 as you will find. Although it has aspheric technology it's edges aren't as sharp as my Nikon LX L or my Nikon EDG have.
In reality, the only really good 10 x 32's are the Alphas. Nikon EDG, Leica, Swarovski EL and Zeiss and they all cost over $1500.00. Nikon recently discontinued it's 10 x 32 LX L. It is rather heavy at 23.5 ounces or so but it has first rate optics, excellent flare control, sharp edges, good eye relief and a generous 342' FOV @ 1000 yards. IMO a new one would be a good buy at under $700.00.
Since you are looking for light weight, if you can live with the Katmai's narrow FOV you might consider Nikon's 10 x 25 Premier which has a slightly wider FOV and longer eye relief. It costs $499.00. It is really a first rate binocular with Nikon's typically excellent edges.
http://www.eagleoptics.com/binoculars/nikon/nikon-premier-lx-l-10x25-binocular
Bob