ELs are great binos and pretty much the standard for top dog light weight neck binos. I have the least experience with ELs. I Did spend a whole day with a set of 10x50s that I liked. I've spent lots and lots of time behind SLCs, Zeiss classics 10s 15s, leica geos, duos, all kinds of vortex; razors kaibabs, and plenty other brands. My go to set up is 10x geovids and 15x SLC. In my experience the best bang for the buck binos (different budgets) were Nikon Monarch ATBs 10x for 300ish. Then I thought razors were great for their price. Ive spent lots of time behind 10s and 12s (non HD). I bought a pair of Zen Rays ED2s about a year ago. I was amazed. You aren't going to believe me unless you look through them yourself. I read reviews that said EL quality for 400$ blah blah blah. I went out on a limb and bought a pair. I'm happy I did. I want to buy their newer spotter to compare against my Swaro ATS 80 (non HD). Their reviews are saying its close to Kowa.
In the end its hard to find fault with Razors, even when you are used to ELs. The fit and finish might not be there with Swarp but optically its real close. IMO ED2s can do everything razors can, if not better, for way less.