Hasn't the HD5 been superseded by the Conquest V4? Can you still get the HD5?
Ive got an HD5 3-15 and have only got good things to say about it. You can take the zero stop out if you need more that 17mins of elevation. The pop up locking turrets are excellent to use.
I can't compare it with the VX5, but I would rate the glass on my 3-12 vx6 as being brighter than the HD5 at 12 power.
The Leupold warranty is good but Zeiss give fantastic service too. Just bundle it up and send it straight to Zeiss.
Im picking that you could buy either of your choices and be very happy.
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