In this study, the microstructure and mechanical properties of 55SiCrVNb ultra-high strength spring steel with 0.7 and 1.5 wt.% Mn were systematically investigated. The results show that 0.7Mn steel exhibited higher strength and toughness. The morphology and content of retained austenite, content of element in solid solution and the type and quantity of precipitates were basically the same in 0.7Mn and 1.5Mn steels. Hence, the variant reconstruction, as a unique perspective, was used to unravel the strengthening and toughening mechanisms governing the evolution of variants across varying Mn contents. Compared with the 1.5Mn steel, the decrease in Mn content deteriorated the variant selectivity (decreased variant frequency over 50 %), which led to a more uniform distribution of close-packed plane (CP) and Bain groups in 0.7Mn steel, thus refining the block size and improving the grain refinement strengthening (σp). The 0.7Mn steel with a higher density of high angle grain boundaries (HAGBs) effectively constrained dislocation slip, thereby enhancing dislocation strengthening (σd). As the Mn content decreased, the block size decreased from 0.24 to 0.14 μm, and the contribution of σp and σd increased by about 107 and 96 MPa, thus improving the yield strength. In addition, the increased HAGBs, which were dominated by the highly selective V1/V2, V1/V3(V5) and V1/V6 variant pairs, and the uniform CP and Bain group also contributed to inhibiting crack deflection and enhancing the impact toughness. Moreover, the higher Schmid factor with high geometrically necessary dislocation of 0.7Mn steel improved the deformation resistance of variants and strength. This work provided a new mechanism of strengthening and toughening dominated by variants.