Factors to consider when choosing binoculars.
Magnification (Power)
Magnification is the degree to which the object being viewed is enlarged. For example, with a 7x42 binocular, the number 7 represents the "binocular power". The level of power affects the brightness of an image, so the lower the power of a binocular, the brighter the image it delivers will be. In general, increasing power will reduce both field of view and eye relief.
Diameter
The objective lenses of binoculars are the front lenses. The diameter of one of these lenses, given in millimeters, will be the second number describing a particular binocular. Hence, a 7x42 binocular has an objective lens of 42mm. The diameter of the lens determines the light gathering ability of the instrument, with the greater light gathering ability of a larger lens translating into greater detail and image clarity. This is especially useful in low light conditions and at night.
Field of View
The size of the area that can be seen while looking through a pair of binoculars is referred to as the field of view. The angular field of view is indicated on the outside of the binocular, in degrees. The linear field of view refers to the area that can be observed at 1,000 yards, and is expressed in feet. A larger field of view translates to a larger area seen through the binocular.
Exit Pupil
The diameter, in millimeters, of the beam of light that leaves the eyepiece of a pair of binoculars is the "exit pupil". The larger the exit pupil, the brighter the image obtained will be. Having a large exit pupil is advantageous under low light conditions and at night. For astronomical applications, the exit pupil of the binocular should correspond with the amount of dilation of your eye's pupil after it has adapted to the dark. This number will be between 5mm and 9mm. 9mm of dilation is the maximum amount for the human eye, and this number tends to decrease with age. To calculate the exit pupil, divide the size of the objective lens by the magnification of the binocular. For example, the exit pupil of 7x42 binoculars is 42 ÷ 7 = 6mm. (I like binocs with an exit pupil of 5 mm or 6 mm...10x50, 7x42)
Eye Relief
This refers to the distance, in millimeters, that a binocular can be held from the eye and the full field of view can still be comfortably observed. Eyeglass wearers in particular benefit from longer eye relief.
Lens Coatings
The optical elements of the binocular are coated to reduce internal light loss and glare, which in turn ensures even light transmission, resulting in greater image sharpness and contrast. Choosing a binocular with good lens coatings will translate to greater satisfaction with the product you ultimately select. Lens coatings range in quality as follows: coated -- fully coated -- multicoated -- fully multicoated. Coated lenses are the lowest quality and basically will not result in a product that will satisfy you. Fully coated lenses are quite economical and can work well for you, depending on your needs. Multicoated or fully multicoated lenses are both very good choices. Fully multicoated lenses give the best light transmission and brightest images, and are therefore the most desirable.