Well, the Morpho is far and away my favorite Benchmade right now....I prefer it to my 41MC too...if it's what you really want, save a couple more months and get it...it's worth it to get what you like. I carry my morpho all the time...really, at 140ish dollars, it's not a bad price...that's only a little more than two griptillians, but you're getting G10, titanium and D2, plus a next gen latch. So compared to say...a 710, it's not reallythat bad a deal. In the long term, you will be happier you saved up...I outgrew all the cheaper knives I first got into (including griptillians, etc)...they're fine knives, but when I had access to 960s, Morphos and Gravitators, it made the low end wholly obsolete...so if you're a knife addict like most of us are, and will end up getting these anyway, save yourself the low end Benchmade and/or Spyderco and wait for the one you really want.
My favorites from each company:
Benchmade:
Morpho
41MC (doesn't really count since it's out of production)
960
Gravitator
Switchback
Mini Rukus
Spyderco:
Spyderfly
D`allara DP
Paramilitary
Dodo
Yojimbo
In regards to balisongs, weirdly enough, for flipping and SD, I prefer the Spyderfly to the Benchmade 4X line, but for actually using, I prefer the 4Xs. But the morpho blows me out of the water, I just love it, which ultimately results in me giving this one to Benchmade. Really, between the two, they're great, it comes down to a lot of preference...if you're into handles that are weighted at the ends (I think this makes a lot of tricks easier and more predictable) and flip a little slower, the Spyderfly is the one...but tricks are secondary to use for me, so Benchmade usually comes first. I'm thinking about picking up another 4x.