Here is the issue simply put.
This is known as "Optically Aided Viewing" in the laser safety community.
It is one of the most dangerous things you can do. Especially with microscopes and binoculars.
This is a situation where measurements and calculations may need to be done for EVERY object the beam hits. This is strongly dependent on the source laser, and the material it is scattering or reflected off of.
So You have no control if the guy far away places a Reflective or Specular Mirror Like object in the beam. In which case you may just have focused a collimated beam into your retina. I realize a lot of things have to be aligned for this to happen, but well... ACCIDENTS HAPPEN.
The only way to know if this is safe is to take power measurements and do minute by minute control procedures and follow careful practices. This is ACTUALLY known as "QUALITY CONTROL PROCEDURES" in the industry.
Since you have NO CONTROL over the laser source, have no communications with the guy at the source, and have no idea if he has changed lasers, is using something different, or will aim directly at you, THEN THIS IS NEVER SAFE.
Since you have no control or prior arrangements with the source operator, the aided viewing is NOT safe, even if the power was low enough for it to be safe.
A recent case involved a observer in a police helicopter viewing a high power pointer beam with binoculars. He was hunting the source of a illumination complaint. The person being hunted turned the pointer onto the chopper. He was injured. Get the idea? This is dangerous.
Can I make this safe? Yes, if I have quality control procedures in place, have a co-operative source, and have measuring equipment. Then I can do the math. Until then, you should stop viewing what the fellow is doing.
You simply don't know if the scattering down range will be Specular, Diffuse, Lambertian, Cosine or Reflective. You have no way of controlling that. So there is no way to calculate what you may view under uncontrolled conditions, even if you knew the power, wavelength, spot size, and the divergence of the scattered or un-scattered light.
I realize the source may or may not be a Class IIIB or Class IV device. But since you do not KNOW what is going to happen down range, and have no control over events, the answer is NO WAY.
The ~50 mm area of the binoculars just increased the possible energy collection by a factor of 50/7 = ~8 times alone, per eye. Your eye has a pupil that averages 7 mm. That is before even the focusing process. Since I don't know what spot size, diameter and divergence is incoming, I can't calculate the increased power density at the retina but it is going to be far, far more then unaided viewing.
Yes, at some distance it may be safe under very carefully controlled conditions.
SO DON'T DO IT. Especially if he does not know your viewing him. It might be safe now, but what about the 1 IN 10,000 or so chance that he turns and aims at you?
Go make friends.
Steve