Hello and welcome, James. You're not the first person to be seduced by the elegance of old Leitz binoculars. It's not just elegance either, for the other qualities that to many are nearly as important as optics in making a good binocular - compactness, handling, fit and finish - have changed little even though their optics have been superseded. The best binoculars of the '50s and '60s, as you can see, are still sought after today because of those qualities, and because they represent an era of fine craftsmanship that has largely passed away.
The question you need to ask yourself is - what are you prepared to give up optically? The answer is going to be very personal and I strongly urge you to try examples of both before you buy - and, if possible, compare them side by side. 50 years' worth of technological improvements is not to be laughed at, and you may find after looking through even a third-tier modern binocular that what you see when looking through an old one is just not good enough for you.
A few general thoughts:
- The casual user, observing mostly in good weather, may not demand the same standards of sharpness, contrast, and brightness as those trying to make out the faintest stars in some distant galaxy or figuring out the distinguishing features of a tiny brown bird 80 yards away in low light.
- A joint anniversary wedding present is a bit of a different proposition to a car bino - one will (or should) be cherished, while the other is much more of an everyday commodity.
- Porro prism binoculars can offer a lot of bang for your buck, and the finest examples of these are every bit as classic as a Trinovid or Dialyt. Unfortunately not many can be used with glasses/spectacles - important if you need to quickly "get on" elusive targets like birds, but less of an issue when looking at boats and certain other kinds of wildlife (park deer etc).
- Old binoculars may have been extensively used. Some may require a service thanks to haze or fungus; most will likely benefit from it. But competent technicians do exist.
- Regarding magnification (8x or 10x): 8x gives you a steadier image, as every wobble is magnified 8x rather than 10x, and normally a wider field of view. These qualities often more than make up for less magnification. If the binocular is intended to be used by your wife as well as yourself, many women find smaller binoculars (8x30 or 8x32) easier to use.
Good luck in your binocular hunt,
patudo