I did some quick tests on my old PC with a 1.5 GHz processor and 384 MB of RAM with Lubuntu 12.04.
I installed Chromium 33 (Blink), Firefox 28 (Gecko), Epiphany 3.4.1 (WebKitGTK) and QupZilla 1.6.5 (QtWebKit4). Firstly, I opened one tab - Google, then opened 5 tabs - CNN, Yahoo, YouTube, Google, Facebook, and I measured the memory used by browsers using the task manager. Then I run the HTML5 test and the V8 test. Results:
1 tab 5 tabs HTML5 V8 Epiphany 68MB 155MB 351 988 QupZilla 86MB 204MB 304 881 Firefox 101MB 188MB 424 353 Chromium 151MB 281MB 495 963
Verdict: The most efficient memory is Epiphany / WebKitGTK, and the most bloated is Chromium / Blink.
Besides (Qt) WebKit (GTK), Gecko and Blink, have you tried Awesomium ?
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