I don't know about the BK&T 7, never handled one. Looks like a well thought out knife though, and should perform well.
I have a stainless Bush Ranger and like it a lot. OwenM is probably right about the tip strength. The Bush Ranger has a high flat grind with a thin, fine tip. It is a great slicer and the tip is useful for piercing work. The knife is very light, but will chop. I chopped through a Douglas fir 2X4 ( not a definitive test) with no damage to the edge. It also performs well limbing makeshift poles. However,IMO,
it's grind, light weight, and neutral balance make it more suited to other tasks. The light weight does make it nice to carry though. Mine came with a leather sheath. The design is alright, but lacked somewhat in the execution(ie: the edges of the outer leather, inner liner, and welt were poorly glued).
Good knife, as I am sure the BK&T7 will prove to be. Like average guy said "I think you would be well served by either of these knives. "
Regards, Greg