Parallax is less common/critical on scopes below 10x
As I understand it, the legend ultra HD is optically close to the elite brand, but mechanically the elite the better scope. The elite also has rain gaurd which is a big plus for hunting in foul weather. If the time ever comes that you want to upgrade your scope, the elite would still hold a good portion of its value and the Legend Ultra HD will just be a used bushnell. In fact I would look at used elites first. I see 1 one the EE for 160 shipped (3-9), and I see a bunch that are SPF, the good deals go quickly.
If this scope is going on a rimfire or precision varmint rifle, then maybe the parallax adjustment might have some benefit. It you are planning on using this on a typical all-around centerfire hunting gun, then I think the parallax adjustment is nothing but a PITA, a hindrance that will never help you but might screw you up at the wrong moment.
I bought a 4.5-14x44 Legend HD about 2 weeks ago. Looks nice, optics appear okay ...... BUT: when it comes to a MADE IN CHINA, it was returned.......yeah, I suppose I am somewhat anal when it comes to Chinese built stuff !