The Elite is light years better than the Banner.
I think that life is too short to use cheap glass, but picked up a 3-9x50 Bausch & Lomb Elite 3200 (Now Bushnell) in a gun trade a couple of years ago. Took it off the rifle it came on and tossed it into a box full of "take off" scopes.
Fast forward a couple of years and I had a milsurp rifle project that needed a scope. Dug around in the box and grabbed the B&L. Looked through it and was amazed at the clarity, so it went onto the milsurp. I would not change out that scope for any other on that rifle. It is the perfect fit, and is as clear as a scope twice it's price.
Make the change.