I was enamored with the superzooms in the past and really thought how useful it would be, but over time I found that after about 32x or so, the IQ just dropped off if conditions weren't just right. I had the SX50/60 models and the sensor performance just wasn't very good at the exposures I was getting at the long end in lower light situations, like people in shadows, dusk/dawn, etc.
That's been my experience as well but this is a bit of a special circumstance as I'm not looking for a camera as a replacement for a SLR as I know nothing with a small sensor is going to get the IQ that a 7D or 5D can get but something I can carry all the time for the times where when out and about I see something I want to share or identify. The Panasonic fits that bill well but the IQ at the long end is not all that good. I was hoping there is something out there a tad better.
Perhaps the SX70 is better though in both regards, low light high ISO performance, and IQ at the long end. It seems based on reviews that perhaps the Nikon was better in this regard than Canon, but I basically gave up on them at that time, and for a travel kit (which is what I was trying to do), back then I went with the baby rebels and a couple lenses for Disney, etc.
If I were hiking and wanted a lighter travel kit, I would personally have no issues taking the M50 (good through ISO 6400), but would want something other than the 55-250, like a 70-300 or maybe 100-300 (if I could find one), just to give that bit of extra reach. I cannot put a TC on the 55-250, or I would try that even.
I have been really contemplating the 70-300L and might actually get it. It is a tank, it is a compact lens, it takes 1.4x TCs to get me to 420mm (at f8), and I could use this on both my mirrorless and my 5D4. It would basically eliminate my need for the 55-250, with some gains, like a bit more IQ, up to 420mm, etc.
420mm on the M50 is 672mm equivalent FF FOV at 24Mpx and that would be quite, quite good for travel.
When traveling or hiking I don't have a problem carrying a SLR in my sling bag. It's the every day times I'm looking to fill. When not hiking but out walking the dogs or exercising. We are on several migratory routes and being 200 yards from a large lake, we see a lot of critters.
So, I am not a owner for the SX70.
Now on to some testing. I spent a little time this afternoon testing but nothing really serious or very controlled. From left to right, my wife's old Nikon S6400, the Panasonic ZS-80, the SX70, and the 5DIV with 150-600 all in there minimum carrying size.

Didn't even know they still made those things...
