I have about $700 to spend on a spotter and binocs. Any recommendations on what I should be looking at. I don't have a spotter right now and have some Nikon Prostaff 7. I've been looking at the Zen Ray ED binocs and the Minox MD 50.
I'd just focus on getting a really good pair of binos instead of trying to get both. You will just be getting "ok" binos and spotter if you try to get both. The Zen Ray's ED3's are good but if just binos you could get the Zen Ray HD's which are better (just example). With good bino's you can do better glassing then with a cheaper spotter.
I went with hd when I bought my spotter for the same reasons armyjoe stated. My next pair of binos will also be hd. Have you looked for a used pair of binos?