The 8x32 Leica is the compromise I make... and rest assured, any binocular is a compromise weighted in one direction or another.
Gotta correct myself here......did not consider the "one binocular/all round" thing.....because I gave up the notion 30 years ago,and have always had a "light" 7 or 8X in conjunction with a 10x40 or 42,because I simply prefer the 10X for the general run of Western hunting.I have just had too many times out west when I wanted the extra power.
That said, I bring both on any traveling hunt.
But I have to admit that if I were forced to choose one it would be small,light 7 or 8X like Brad,knowing I was leaving something on the table(at least for me)....which is what inevitably happens when you choose "one" of anything.