i was going to say, just get a leupold vx-III in the 4.5-14, I have a couple of them and love them.
but, why do you want illuminated reticle? I bought a leupold mk4 with the illuminated reticle, and it never gets used. even at night(legal predator hunting) you don't need it. but thats my opinion, maybe you do need it?
just a thought, leaving that off would save you weight and money.
I guess I would lean toward the leupold vx-III 3.5-10, or the 4.5-14. and sorry, I don't have any recommendations for "light" rings. I use bulky stuff, like badgers and GG&G.
i have heard some good stuff about the burris rings with inserts. check those out.
hope that helps a little...