What HIKayaker said about Exit Pupil is right on. The best (youngest) human pupils can only open to about 7mm. Some elderly pupils only open to 5mm or so. HIKayaker's 6mm example is a good one and probably applicable to most people on Marlin Owners.
However, there are other characteristics of optics to consider. One is Twilight Factor. The higher the Twilight Factor, the better the resolution of the scope when observing under dim light conditions. It is based on the notion that the larger the objective diameter the greater the amount of light it can "gather" for use by the optical system. The Twilight Factor is calculated by first multiplying the magnification by the objective lens diameter and then finding the square root of the result.. So, for example, at maximum magnification of 14x the 40mm scope would have a Twilight Factor equal to √ (14x40), or √560 = 23.7. At the same 14x the 50mm scope would have a Twilight Factor of √(14x50), or √700 = 26.5.
Another characteristic is Relative Brightness. Relative Brightness is calculated by squaring the diameter of the Exit Pupil. The higher the number, the better. This, too, can be calculated at any given magnification. For example, at 14X the 40mm scope has an Exit Pupil of 2.86mm, the 50mm scope an Exit Pupil of 3.57mm. Using those values results in a Relative Brightness at 14x of 8.16 for the 40mm scope and 12.75 for the 50mm scope.
Considering all three characteristics, Exit Pupil, Twilight Factor, Relative Brightness, between the two scopes suggests the 50mm scope would provide a clearer and brighter view in conditions like dusk and dawn or in places like the deep, dark woods.
However, the questions we must ask are, first, "Is that enough of a difference for the shooter to notice?, second, "If the shooter can see the difference, is it enough of a difference to matter or is the difference inconsequential?", and third, "Is the difference worth the extra cost, extra weight, and extra size?".