I primarily own Nikon Monarchs, Bushnell Elite 4200s, Zeiss Conquests, and Leupold VXIII (which actually have been around and have replaced the Vari-X series for at least 2 years). These 4 makes and brands of scopes are very high quality and generally in the same price category - which is "upper middle class." These scopes are not high end Swavorski or Schmidt & Bender, but I just can't see myself spending $1,800+ for a scope when these other 4 scopes (at less than 1/2 the price) are almost as good and thus a much better value.
I honestly can't say which of these scopes is "better." That said, to my eye, the Nikon Monarchs seem a tad bit sharper, but then again the new Leupold VXIIIs are awesome too. However, that should take nothing away from the Elite 4200s or the Conquests. Again, they are all awesome optics.
Zachary