The differences between the character of the Schwarzschild and Ernst spacet
imes are illustrated by comparing the photon capture cones, and the embeddi
ng diagrams of the t = constant sections of the equatorial planes of both t
he ordinary and optical reference geometry of these spacetimes. The non-hat
asymptotic character of the Ernst spacetime reflects itself in two manifes
t facts: the escape photon cones correspond to a purely outward radial dire
ction, and the embedding diagrams of both the ordinary and optical geometry
shrink to zero radius asymptotically. Using the properties of the embeddin
g diagrams, regions of these spacetimes which could have similar character
are estimated, and it is argued that they can exist for the Ernst spacetime
s with a sufficiently low strength of the magnetic field.