The best replacement for reason 7 is ableton 9.

The best alternatives to reason 7 are rated as following:
★★★★★  ableton 9
★★★★★  logic x
★★★★★  logic pro x
★★★  fl studio 11
★★★  reason essentials
★★★  ableton live 9
★★★  pro tools 11
★★★  reason 6
★★  reason 6.5
★★  reason 5
★★  cubase 7
★  komplete 9
★  fl studio
★  logic pro
★  maschine
  ableton

Your alternative for reason 7 is not listed? Suggest!
Speaking about reason 7, one probably shouldn't forget about balance.

Other search terms related to reason 7 and their ratings are:
★★★★★ balance
★★★★ vst
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reason 7
ableton 9
logic x