It goes back to the question is a Corvette with a big V8 better than a Porsche with an flat 6? The Corvette being the Nikon Monarch HG 8x42 and the Porsche being the Swarovski EL 8x32. The EL like the Porsche has better build quality then the HG but most of the time the HG is going to be brighter because of the bigger aperture and the Corvette is going to beat the Porsche through the quarter mile. I think if you can't afford an alpha 8x32 you are better off getting and excellent 8x42 like the HG than an excellent quality 8x32 unless your 1st priority is weight and size.8x42SF and 8x25CL Pocket. I`ve just been checking, now I`m less convinced, its very subtle so I could be well wrong.
From my own experience if your original question is something like can an 8x42SLC be better than an 8x32SV, yes some of the time, can an 8x42 Trinovid be better than an 8x32 UVHD+, no, not at all for me.