I had the A7C. The camera and housing were very compact, but it required a fair amount of buoyancy to get neutral. In the end, I’m not sure big arm floats and a small housing really saved much in the space department. Personally, when I travel, it is the weight that is more challenging to manage than size.
Also, the viewfinder on the A7C is small. I’d recommend seriously considering that when comparing to your D500. When I decided to move on from the A7C, a quality viewfinder was high on my list of upgrade requirements.
As for image display in the viewfinder, I’m not sure I could live without that now, as you can review your shot and adjust for another without taking your eye off the subject.