I had a Pentax 50mm f1.2 briefly and was not impressed. "Dreamy" wide open is the *nice* way to put it. Saying that it is great "stopped down" seems a little silly when one can have that same stopped down performance on a f1.4 just as easily for a lot less money (and you can bring the f1.7 into that discussion as well for less than 20% of the price of the f1.2). I only have experience with one data point (copy of the lens), so it is probably silly to draw firm conclusions, but for my money a f1.2 lens is like owning a Rolex. It impresses people and maybe even oneself, but I'd rather use the funds that the f1.2 brings on the open market to purchase something that extends my photographic possibilities in other ways.
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