I don't have experience with the SVH-320 on a T-4, but I do own a T-4 and chose it specifically for its size and portability over the T-8.
The higher price of the T-8 was not a factor for me, since I feel that it's very clear what you're getting extra for the price difference. Usually, I go for the absolute best, but I realized that I just don't have the space for a T-8, and will be using the T-4 only casually. To me, it sounds like you are a more dedicated hobbyist woodworker, and would possibly be benefiting from a T-8, also given the tools that you mention. Note that the T-8 should come with a water chute for long tools (convenient when sharpening your planer blade), has a magnet in the water trough to catch metal particles and comes with both a TT-50 and SE-77 in the box, in addition to the advantages already mentioned in this thread. I had to buy the TT-50 (mandatory purchase) and SE-77 accessories separately which brings the price difference between the T-4 and T-8 (at least in my country) to an acceptable €160, which IMHO is completely worth it.
The higher price of the T-8 was not a factor for me, since I feel that it's very clear what you're getting extra for the price difference. Usually, I go for the absolute best, but I realized that I just don't have the space for a T-8, and will be using the T-4 only casually. To me, it sounds like you are a more dedicated hobbyist woodworker, and would possibly be benefiting from a T-8, also given the tools that you mention. Note that the T-8 should come with a water chute for long tools (convenient when sharpening your planer blade), has a magnet in the water trough to catch metal particles and comes with both a TT-50 and SE-77 in the box, in addition to the advantages already mentioned in this thread. I had to buy the TT-50 (mandatory purchase) and SE-77 accessories separately which brings the price difference between the T-4 and T-8 (at least in my country) to an acceptable €160, which IMHO is completely worth it.