I would vote for the binoculars without knowing more. Though I have often been tempted to buy, I have never even looked through any (relatively) low cost night vision equipment. I have questions about the durability of this type of equipment, the gizmo's dependence on batteries as well as how useful it really is at this low price point.
For me, the decision ultimately might depend on some environmental factors . In the winter when it gets dark so early, the night vision might make more sense. If the area is very wooded, the binoculars won't do you much good so again I would lean towards the night vision.
Of course the ultimate advantage of the binoculars is that they would be useful during daylight when the night vision device is worthless.
I have the Yukon/Newton YUKON / NEWTON Twilight Hornet 5X50, (actually a re branded Bresser 5x50NV) which I purchased at a local Lidl discount store in the UK for around $135. The imaging device is actually a Sony Super HAD ICX405AL CCD chip as used in a Starlite Express SXVF-M5 imaging camera.
http://www.starlight-xpress.co.uk/SXV-M5.htmwith the following specifications
CCD type: Sony ICX405AL SuperHAD CCD with ultra low dark current and vertical anti-blooming.
CCD Full resolution Pixel data: Pixel size: 9.8uM x 6.3uM, Image format: 500 x 580 pixels
CCD Image area: 4.9mm (Horizontal) x 3.65mm (Vertical).
CCD quality: Grade 1 or better - No bad columns, no dead pixels, no more than 10 'hot' pixels (saturated in <10 seconds).
Spectral Response: QE max at 540nM (~60%), 50% roll-off at 400nM and 600nM.
Here are some users videos showing the output to a video recording device for the Newton NV.
http://www.youtube.com/watch?v=rBNIEXJ15gIhttp://www.youtube.com/watch?v=z6ekKQRaPJ8As you can see the M45 Pleiades open cluster is shown quite nicely at the end of the video. So performance isn't too bad in low light conditions without using the built in IR illuminator. Seems to be better than Gen 1 technology (probably nearer Gen2 performance) with the added advantage that video output can be recorded as shown here with a similarly priced Yukon Ranger Digital NV, which is also 2x approx the weight of the Newton Hornet 5x50 at 440 grams (esp if searching for Sasquatch)
http://www.youtube.com/watch?v=yX0hATbIvUghttp://www.youtube.com/watch?v=x43UgIaVURkThe Newton Hornet is capable of being used during the daytime unlike conventional image intensifier technology because of it CCD camera imager. But of course even a Nikula 7x18 monocular would easily beat it for performance during the daytime.
The main advantage over high light gain binoculars such as mil spec 7x50 bins is that observations can be made covertly using the IR illuminator with ranges out to about 150-200 metres in complete darkness (although the IR illuminator is still slightly visible with its reddish glow). Looking at the spectral response of the Sony Super HAD ICX405AL and using a Fenix T1 flashlight it may be possible to extent the illumination range of this combination out to 500-600 metres i.e. 3-4 times the range of the Fenix T1, although not being covertly used.)
Another advantage is the ability to pick out other folks employing covert IR illumintors in the apparent dark. (for the E&E BOB requirement for those who think that they need this requirement)
I suspect that 7x50 bins designed for low light conditions combined with night adapted vision will out perform the Digital Night Vision for the majority of the time.
Digital NV is perhaps too specialist to be of real use in a Bug out situation unless you are really spooked about the beasties circling your campsite. They make for a fun toy especially when using the video out for recording when going a ghost hunting at spooky castles or scanning the skies for UFOs.