I faced this same choice for the same primary caliber . I already had one 527 and ultimately decided in another 527. I really don't think you will be unhappy regardless the one you choose and for pure paper, you may like having the higher mag for seeing shots or for spotting as has been pointed out already.
For actually shooting, I felt like the 527 was the better fit all around. I'm transonic at 1460 ish with my 6.5cm, which is 16.5 mil for me, so depending on the rail you have it on, the bullet you shoot and how fast it runs, the 28 mils available in the 840 could potentially be limiting. 20moa is 5.8mil. So "IF" you are in the center of that 28 mils (14) + 20moa/5.8 mil you'd have a total of 19.8 mils. That's plenty with the 20moa rail. Without the 20moa rail, not so much. "If you are in the center of that available mil range"....
That's how I looked at it, and I decided the 527 ( I think I get 23 ish mil or so, but "if in the center of its range + 5.8 mil, youd get 23.3 mil with a 20moa rail ) , with 20 moa rail was a better choice. Of course I already had one and knew how clear it is and how much that helps in seeing things at distance, and how much liked the field of view and reticle (not exactly the same options in reticle between the two, which was a factor for me) so I wasn't as worried about the extra mag.
I may trade it or sell it for an 840 one day if my calculus changes or just to try it out, or I will more than likely just get an 840 to try out and move scopes around and replace my beloved AMG on my 223 with a 527, then put 840 on one of the bigger rifles. Again, I think both are fantastic. That was my thought process though.
Hope this helps you.