Yankeeflipper,
Your review is very much the way I felt when I was using these binoculars. I pitted them against a plethora of optics, including my own Swarovski WB EL and Vortex Viper HD, Swarovski SV, Leica Trinovid (the new model), Vortex Razor HD (current generation), and Zeiss Conquest HD, and Zeiss HT.
Of the ones I tried, I only preferred the HT. The SV had of course a nice, distortion free image when held still but produced horrific amounts of "rolling-ball" distortion when panning, to the point of inducing nausea - I did notice an almost miniscule amount of "r-b" in the BX4, but it was enough for me to disregard, and I am incredibly sensitive to this particular effect.
The Zeiss Conquest was nice, but I couldn't really find anything I liked better than what I saw from the BX4 - I think it may have been a bit "brighter," but the 40'+ increase in the FoV and increased eye relief of the BX4 was much preferable to me, as was the distortion free image. The Razor HD and Trinovid also produced nice images, but I found the Trinovid unusable with glasses, and didn't think the Razor HD warranted the increase in cost from the BX4, which also had ergonomics preferable to my hands. The Viper HD is a solid binocular with great center-field clarity, but the FoV of the 8x42 model is far too limiting in comparison; the edges were also not nearly as crisp. Another appealing aspect of the BX4 is the Leupold warranty which I have used twice before (for my BX3 and Wind River binoculars) and have never found fault.
At their sell-out price of ~$450, I too think the McKinley HD is a bargain. Even at their original $600 price point, I would take them over some that cost ~$400-600 more, although I have heard issues with QC that likely should not be an issue in this price-range. If these binoculars fit your facial geometry (there seems to be issues for some people in this regard), I'd recommend testing out a pair.
Happy birding,
Justin