I re-observed NGC 1981 last night (Sunday 12 December 2021) with additional binoculars. Letters have been added to the chart indicating four brighter stars, all of which are readily seen at 10x25 (and all of the other instruments except the 8x32 binocular). Comments about the view in individual binoculars are included below.

A. HD 36936 -- 7.57 magnitude
B. HD 36883 -- 7.74 magnitude
C. HD 36865 -- 7.48 magnitude
D. HD 36842 -- 8.13 magnitude
1. HD 36957 -- 8.85 magnitude
2. HD 36998 -- 8.98 magnitude
3. HD 294257 -- 9.66 magnitude
4. HD 36937 -- 9.68 magnitude
Nikon 8x32 LX Premier
ABCD are not as easy to see with the 8x32 compared with the 10x25. They still can be seen but it is more effort, particularly D (HD 36842) which is difficult to hold steadily in view. The 8x32 was on a monopod, not a tripod, which may have been a slight factor, though the view was reasonably steady and in my opinion is not sufficient explanation for the difference. The most likely explanation is the lowered contrast between the stars and the background sky because of the reduced magnification, which is consistent with the APM 12x50 result below.
10x25 (Razor 10x50 UHD masked to 25mm aperture)
Consistent with previous observations -- stars A-D readily seen / stars 1-4 not seen.
Nikon 10x42 Monarch HG
1. Seen in averted about 60% of the time.
2. Seen in averted about 25% of the time.
3-4. Not seen.
Canon 10x42L IS
1. Seen in averted about 25% of the time.
2-4. Not seen.
Consistent with the Nikon 10x42 being brighter than the Canon 10x42L.
Razor 10x50 UHD
1-2. As on previous night, steadily in view.
3. Seen about 50% of the time.
4. Seen about 75% of the time.
Stars 3-4 were not as easily seen as on the previous night, possibly because I observed the cluster earlier last night and Orion was not at its maximum altitude.
Fujinon 10x50 FMTR-SX
1-2. Steadily in view
3-4. Both somewhat more difficult to see compared with the Vortex. Both could be glimpsed occasionally.
APM 12x50 ED MS
1-4. All stars steadily in view, though 3 is more challenging to see than the other stars, likely due to its proximity with star A.
The Razor and the APM are both 50mm binoculars and both excellent optically. Additional magnification is the clear explanation as to why stars 3-4 are more readily seen in the APM, presumably the result of background sky darkening?
Resolux 10.5x70
1-2. Seen steadily but not as easily seen compared with the Razor 10x50.
3-4. Occasionally glimpsed.
I suspect two factors account for the weaker performance from the larger aperture binocular. Pupil dilation to begin with, suggesting that the effective aperture of the Resolux was closer to x50 than x70 because my pupils were not dilated much beyond 5mm. Secondly, since I have begun observing constantly with glasses, the Resolux eye cups do not work as well for me as they did previously without glasses. Extended they are significantly too long and folded down they are too short (beaning). The result is that correct eye position is quite difficult to maintain, which has a significant impact on observing fainter stars. A set of replacement eyecups (OB 15x70 Ultra eyecups) is on the way from Oberwerk. These are shorter than the Resolux eyecups and will hopefully match my eye relief requirements when wearing glasses.
Oberwerk 15x70 Ultra
1-4. All stars readily seen in direct vision.
The combination of additional magnification and aperture makes a noticeable difference in the visibility of stars 1-4.
Of all these instruments, the 15x70 Ultra shows the fainter stars most readily, followed by the 12x50 with the Razor 10x50 just behind that. I would say that the magnitudes of stars 1-4 are enough above the limit for the 12x50 that the difference between it and the 15x70 does not significantly affect the visibility of the stars in question.They are slightly brighter at 15x70. Were slightly fainter stars visible in the cluster, say around 10.0 magnitude, I would anticipate them being more readily seen with the 15x70 Ultra than with the APM 12x50.
While observing NGC 1981, a quite bright meteor streaked through the lower portion of the FOV -- a Geminid. Quite fun.
Later when I was having a quick peek at SHJ 49 Orion, an excellent 10x50 binocular double star, an even brighter Geminid streaked across the field, actually leaving an after image.
Thank you for reading. 
Edited by Fiske, 13 December 2021 - 09:09 AM.