Skipping right over the DX5....
But yeah the DX7 is a couple of generations newer technology. Sure a single DX7 head is more expensive than a single DX4 but also consider the difficulties in aligning (and re-aligning if you happen to bump it or get a slight head strike or something) 4 independent heads to each other versus a single head that just needs to be installed straight. This also goes for DX5 based machines. The DX4 heads came out well over 10 years ago and are pretty ancient by technology standards.
From the standpoint of having both DX4 and DX5 based Mimaki printers over the years I can say this. We started off with a JV3-160SP 4 head DX4 based machine back in 2003 and ran that machine hard for many years. It was a workhorse and paid for itself many many times over. It was also a fiddly maintenance heavy bear to keep it printing "just right" with frequent cleaning, adjusting, replacing caps, dampers, etc. Probably 5 years ago I bought our newer generation JV33 which has a single DX5 head. Its faster, better print quality, and order of magnitude less maintenance, also a workhorse, and I've replaced the head once and that took me about 30 minutes to do it myself. Zero alignment issues and we only really give the capping station and bottom of a head a good manual cleaning about once a month. Far far less fiddly and far less manual cleaning and maintenance needed.
The even newer generation DX7 head based machines I have no personal experience with but I can only imagine it would be similar to the DX5 based machines but even more improved. If I were in the market for a machine, while the dirt cheap prices on the ancient DX4 4 head based machines are very attractive that is because of just that.... they are ancient dinosaurs by todays standards. Can they still produce absolutely beautiful prints and run great, of course they can. But even a generation newer single DX5 head JV33 can run circles around an older JV3 at very little additional cost for a good condition used one.