For bowhunting I personally wouldn't spend the extra money for that feature alone. It simply will not make a difference. If you are missing your mark at bowhunting ranges and normal stand heights it has to do with improper shooting form, not miss judging the distance. You would be better served getting a decent 3-D target and practicing different shot angles out of a stand.
I have not looked at range finders recently. I got a bushnell a few years back and it works fine for my purposes. Except I have an older model that will not range under 20 yards. The thing I noticed is that most of them have pretty crappy optics in them. My bushnell is like looking through one of those half inch crossman bb gun scopes. I say look at them and get the one that has the best optics. I really wish I would have ponied up the extra 100 bucks when I got mine and purchased a Leica instead. It had MUCH clearer optics, and at a higher power. Plus the read out was easier to see, it ranged farther and it ranged closer. What was I thinking?
I looked at the cabela's site and the leicas they have are pretty darned expensive, they were only like 400 bucks when I got mine. Maybe you could look for an older model or a used one and save some cash.
Now if you were going to gun hunt at longer ranges in steep places maybe it would be worth it. But in that situation you are still going to have to figure out what the angle will do to your bullet trajectory as well.
And without looking at the two, I think I would pick the Leupold. Looks to be about the same money, but it has more features, probably has better optics and you have the Leupold warranty.
Another thing to keep in mind, when you bow hunt you probably will not be ranging deer before you shoot them. Most range a perimeter around the stand that they are comfortable with and then wait for the deer to step into it. At least that is how I do it. Good luck ranging a deer, putting the range finder down, then picking up your bow, drawing and shooting. It works ok for gun season, but I don't think you will pull it off in a tree stand with deer 20 yards away.
Paul