@JosephK Greetings from the other side of the pond, Varberg Halland here ☺️
I've made quite an optics journey, like may of us gearheads here. I used my old man's Zeiss 10x40 but wanted something more compact and got myself a Minox HG 8x32. Not much later, I started arguing that a set of a 6,5x32 and a 10x32, both brought when going out, would cover exactly everything. I never really got along with the Minox and I think it was the backwards focus direction that made both major focus shifts and small adjustments very annoying.
I even dismissed all 8x binoculars
Then the Nikon E II 8x30 entered and I found that it could resolve all the detail my Zeiss FL 10x32 could.
There's many advantages with keeping magnification low as long as you use them at relatively moderate distances and (importantly) have good eyesight with or without the help of spectacles or contacts.
In my opinion, the small step between 8x and 10x isn't meaningful enough to have one of each, but YMMV. About 150% magnification difference makes more sense to me. Again, YMMV.
My birding is always by bike, and I now usually use a small Kite Lynx HD 8x30, the Nikon E II 8x30 or a Meopta 8x32 easily accessible while cycling, often around my neck. They are all light enough for this. When I reach a stop somewhere along the coast (I know you too have vast flatlands in Jutland), I pick out my 12x50 from my backpack and use it for scanning. If it's in the forest, the 12x50 lies idle at home.
It would probably be impossible for me to convince anyone that a 12x50 should be a cornerstone in any birder's equipment, but its reach is really awesome although a good 8x isn't bad.
Right now, I rotate between six binoculars that are all nice, and I can justify owning each of them. So if you like the SF 10x42, by all means buy it.
Don't rush selling the small one though, it will come in literally handy in the future. Having two isn't a sin.
EDIT: I believe you should keep the 8x40 rather than swapping it. If you had been in the position of not already owning it, I'd have recommended a small 8x30 or 8x32 but the 8x40 has its own merits that, together with the resale loss, are reason enough to keep it.
//L