The 490 foot tower could have a horizon of ~ 44 miles
The 125 foot tower could have a horizon of ~ 22 miles.
So mebets they easily see each other.
The distance to the radio horizon is greater than to the line-of-sight horizon, due to atmospheric refraction of the EM wave along the propagation path -- which tends to bend the wave toward the earth. For normal atmospheric conditions this equation commonly is used:
Radio Horizon = SQRT(2*H), where H is the height of
the transmit antenna in feet above a smooth earth,
and H is the distance to the radio horizon in miles.
For typical conditions for a 490' antenna height, the distance to the radio horizon is about 31.3 miles, and for a 125' height it is about 13.8 miles.
So a total path length of 31.3 + 15.8 miles = 47.1 miles, and that path would just barely clear earth "bulge" between the tx/rx antennas. IOW, it would be a grazing path that has insufficient terrain clearance for free space performance (which needs clearance at least up to the 0.6 first Fresnel zone).
A grazing path over a rounded obstacle such as smooth earth or a rounded hilltop can add 15 dB or more additional loss to the value for a free-space path of that length having adequate Fresnel zone clearance.
Atmospheric conditions can greatly affect the performance of microwave systems, depending on frequency, overall path length, and other system parameters.
So there are lots of considerations when designing/defining a microwave system.