I thought I would check back in after several weeks of trying a bunch of different binoculars and weighing the pros and cons of each, and trying to dial in exactly what it is I'm looking for in a binocular. In the end, I determined there probably isn't any one binocular that will fully satisfy all use cases, which seems obvious to me now. I also found that, for my eyes, there really was not much of a difference between an 8x42 and 8x32 in the types of low light situations I found myself in (I'm typically not observing until can no longer resolve an object, for instance). This was actually somewhat of a relief, as I really enjoy the lighter weight of the smaller objective formats.
It got me thinking about even smaller objective formats, like 8x20 or 8x25. I tried out the Zeiss Victory Pocket 8x25 and the Leica Ultravid 8x20 BR. In these smaller formats, I can definitely notice a difference in very low light scenarios. As an example, I was looking through the little Ultravid and a pair of 10x42 Vortex Diamondback HD binoculars I've had for awhile during a very heavy thunderstorm taking place in the middle of the day. Not quite night light, but pretty dark, similar to well-after-sundown conditions. The 10x42 format produced a brighter image, while the 8x20 was darker by comparison. This was expected.
The more I experimented with the compact formats, the more I found myself finding excuses to take binoculars with me! I took them hiking, dog walking, to various outdoor events in the community, on bike rides, long walks exploring the city I live in, and on vacation. Generally they are with me anytime I'm outside. The larger formats weren't as exciting to take with me on these non-dedicated-birding outings, where they were a bit more cumbersome and not as discrete, so they often wouldn't come along.
I ended up purchasing the Leica Ultravid 8x20 BR. It's combination of excellent build quality, ergonomics, image quality, color rendition, slick locking diopter adjustment, ease of view (with a bit of practice, and ability to see the entire field of view) with either sunglasses on or without, ultimate portability, and versatility for daylight use won me over. When I began this post, I was very concerned about field of view, apparent field of view, low light performance, etc., but after actually trying out a bunch of different bins, it's interesting to me how my preferences shifted! Between it and my 10x42s, I think I have my bases well-covered for the time being.
As an aside, there is definitely a subtlety about Leica color rendition that I really enjoy. The red part of the spectrum pops more noticeably with these than any other binocular I tried. The images it produces during twilight hours when the sun is at a low angle on the horizon are especially beautiful to my eyes. I loved the view through the Zeiss optics I tried as well. I appreciate them both.