It depends on the typical context of your photography. Mostly what I do is documenting my own family activities, which means lots of action shots of a 3 year old and some candid portraits when I can get her to sit still A lot of times this takes place outside and I prefer my M 85/2 then (actually I prefer my M 85/2 most of the time regardless
). 50 mm might be slightly more versatile in that it's easier to get full body shots, or more of the background for better context. Also if you ever need to take small group shots, a 50 would be better for that. Having said all that though, I love the 85 mm focal length and like to "make it work" in situations that I said the 50 would be better for.
Depth of focus will be very thin at f/1.4 on 85 mm. Do you have a good focusing screen?