The Weaver RV7 is the choice for a lightweight variable, but I'm a fan of the Weaver RV9, as it has an AO for short range shots, and a clear parallax free view at any range, yet still isn't very heavy. Both have pretty good glass, though only multicoated. The RV9 runs around $230, so a bit more than the RV7. The only downsides to both Weavers are the coin adjustments.
The Timberline is a good scope (fully multicoated), but 14x gets awfully dim in a 32mm objective. Still, it's a lot of power in a small scope if you have adequate daylight and don't mind the exit pupil. It probably beats the similar, often touted Mueller offering for glass quality, though at a higher price. It also weighs less, though both scopes are a bit heavier than any of the 2-7x or 3-9x models.
Leupold also has the 3-9x 33mm EFR model with AO. If you're big on the Leupold warranty and eyebox, that's an option that improves over the older Leupold rimfire models. It's a dressed up VXII basically, but otherwise comparable to the RV9 (both of them are only multicoated).
Sightron has an S1 rimfire 3-9x model that's priced around the Weaver RV7, but arguably has slightly inferior glass. It does have decent finger adjustments however, and Sightron has an excellent warranty.
The king of all compact rimfire scopes might be the SII Big Sky rimfire 3-9x 36mm AO model. You pay for it, but by all accounts it's a darn good scope with excellent glass.
Vortex has the 2-7x Diamondback model, but it's probably a bit heavy for a 2-7x variable. You trade better glass and adjustments than the Weaver RV7 for extra weight and cost. It weights more than the Weaver RV9 even.