Tom,
I have some concern about these Conquests. Zeiss' other scopes go up to $1,500. Now, they have scopes that are less than 1/3 in price. I have experience with Zeiss scopes, and I must tell you that, in my opinion, they are better than most scopes, but definately not worth the much higher premium. That notwithstanding, there has to be a difference between it's VM line and its Conquest line. So what is that difference?
The glass on the Conquest line is not the same as the glass in its VM line. In fact, even the ZM line is not all that great either. The Conquest has a 1' tube while the VM has 30mm tubes. Also, the internal mechanisms are not the same quality in the Conquest as they are in the VM. How do I know? I have spoken with Zeiss reps are various trade shows and they reluctantly, yet ultimately, told me these things. But if you think about it, what else could they say. You can't tell me that the Conquest, at $400, is the same as the $1,500 VM.
The Conquest was brought in to fight directly with Leupold's Vari-X IIIs in its market share in the US. Keep in mind that the conquest scopes are not sold in Europe (or at least that's what they told me.)
For the money, you are better off with a Leupold Vari-X III. Again, I think that the Elite 4200s are optically better than the Vari-X IIIs, but if you want to get something different, then at least get something that is a better value. I think that the Conquest is cheaper in price, but not necessarily a better value because, as the price is cheaper, so too is its quality - thus, you aren't gaining any ground with respect to value.
Zachary