Are all 700s Equal?

Last night I took my first test to see where I'm at. GMATPrep Test 1. Q: 42 V: 41 Total: 690
My practice tests indicate I'm pretty well balanced between Q and V. My undergrad SAT scores painted a similar picture; 710 math and 690 verbal.

Tonight I'm going to review my mistakes and create a study plan. I'd like some input as to how I should allocate my time. Looking at the total population of test takers, the score distributions for Q and V are very different (i.e. Q scores are generally lower). Does this impact how I allocate my time in an effort to maximize my combined score? Would raising my V score by 4 points have a greater impact than raising my Q by 4 points? Vice versa?

Also, do admission committees look at all 700s, or 730s or 760s equally? Said another way, for 700+ score would an admissions committe prefer to see balanced scores (e.g. V: 43, Q: 43) or, a slightly higher Q or a higher V (I realize they don't like seeing a massive imbalance such as Q: 50, V: 37 but I don't think I have to worry about this)?

Thanks in advance for your input.