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I'd look at a Burris C4 4.5-14x42AO. Lightweight, good glass and good price.
I had a 3-9x40 FF2 on my 17hmr but have just replaced it with a 3-9x40 C4, in that price bracket, I think the C4 can't be beat in term's of quality and features.
You can find them for less than $300
A Nikon Monarch 4-16x42 can be had found for about $400, and are pretty darn good value for money. I have one and found it has as good glass as my mate Vortex Viper PST 4-16 and was a heap lighter and smaller.
For a varminter you want a decent amount of zoom on the top end, but for walking you don't want too much on bottom end in case you need to make a quick shot. I'd say limit yourself to 4-5x as maximum minimum magnification if you know what I mean.
I'd look at getting Aluminium rings, I got steel rings and bases for my rifle and it added quite a bit of weight.
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