Well, I have spent quite a bit of time comparing these two binoculars.

The Cabelas Euro HD is very nice glass; extremely well built and IMO optically hangs real well with the Swaro SLC HD.

I just spent the last few days comparing a new 10x42 Euro HD to a new Swaro SLC (HD) 10x42 in a wide variety of situations and varied light conditions, and overall the Euro hung real close. Close enough that I was strongly considering keeping the Euro's and selling my SLC's. But I finally decided that there was enough of a separation for me that I decided to keep the SLC's. Truth be told probably not a $6-700 separation, but I just decided to keep the ones that were overall best. And the Swaro's should be for the price.

So the Euro's are going to go up for sale, and someone else can enjoy the fine optics- and a real good deal on very, very nice glass.