I have not used any of the small Steiners but did have a chance to look through the Peregrines. Nice view and well built but others in the same price class offer better optical performance, IMO,....namely Pentax and Kahles.

If you are going with a compact then I would suggest a reverse porro prism design. They allow brighter, crisper images than those small folding roof prism designs...unless they are phase coated and then you are talking about at least $300. And, as mentioned above, you are going to end up with a small exit pupil meaning poor contrast and image quality in low light conditions..when you need them most.

If you want good image quality but don't want full sized binos (10x50s, 8x40s, etc...) then check out many of the 8x30 and 8x32s on the market. They offer 90% of the performance of a full sized bino even in low light and yet the are typically much more compact to use and carry.

My own choice for this season is a pair of Pentax DCF-XPs in 8x33. As you can see they compare very well in size to a typical roof prism compact and yet the image they provide is far brighter and offers better contrast.

Hope this helps.