Originally posted by ChopperCharles Does that half stop make it worth upgrading to? Or am I better off just keeping my 1.7?
User monochrome hit the nail on the head.
The difference between f/1.7 and f/1.4 is rather inconsequential.
You'd get the f/1.4 version for its different bokeh. It has under-corrected spherical aberration which makes the background bokeh smoother than that of the 50/1.7 but it isn't as sharp as the 50/1.7 in the range of f/1.7-f/2.8.
The 50/1.4 also has more field curvature (the focus plane isn't as flat as that of the 50/1.7) which makes it a lesser choice for using it in combination with extension rings / bellows.
Summary, get the 50/1.4 for its different rendering ("look" of images), if it appeals to you. The 50/1.7 is technically the better lens in a number of disciplines, but its rendering isn't as smooth as that of the 50/1.4.