Optical quality of the 4200's was higher than the 3200's. From what I have seen of the Elites I've been able to put my hands on and the one in hunt camp, they aren't as clear as the 4200's were. The lower end models have some edge distortion. I compared it to my 4200, side by side.
May be a totally different line entirely. Wish they still had the 4200 2.5X10X50 #4 Ill Reticle though. Can't beat that scope for the money and low light/twilight hunting. A good moon and you could night hunt hogs with that one.