Originally posted by BigMackCam
I agree with you, Nicolas... but... how far do we take the comparison? f/1.2 doesn't offer an appreciable difference to f/1.4... then again, f/1.4 doesn't have much over an f/1.8, and that in turn doesn't offer a great deal over f/2 - but, an f/1.2 lens stopped down to f/1.4 might perform marginally better than the f/1.4 wide open, and stopped down to f/1.8 will probably perform a little better again. It should certainly perform better stopped down to f/2 than the f/2 lens wide open... In all cases, that f/1.2 lens lets in progressively more light than the slower lenses, and for some people, with some types of photography, any extra light can make a difference - no?
You make the hypothesis that faster lens perform better at narrower apperture, this might be true, not always the case and this depend what you mean by better.
As as said, I would consider an f/1.2 lens not because it is f/1.2, that I don't care, but because it would render better, if that the case of course.
But say for sharpness far example, many think their FA50 f/1.7 to be sharper than FA50 f/1.4 for example. DA35 f/2.8 definitely sharper than FA35 and DFA50 give a run for its money to equivalent FA50 f/1.4 and f/1.7. FA31 is sharper also than sigma 30mm f/1.4... The example could go forever.
Now as to when to stop, I would say price, size/weigh, quality.
An example for Canon as there more choice for 85mm focal length:
Mitakon 85mm f/2 = 199$
Samyang 85mm f/1.4 = 269$
Canon f/1.8 = 369$
Mitakon 85mm f/1.2 = 799$
Tamron 85mm f/1.8= 749$
Sigma 85mm f/1.4 = 869$
Sigma 50-100 f/1.8 = 1099$
Zeiss Planar T 85mm f/1.4 = 1283$
Zeiss Milvus 85mm f/1.4 = 1800$
Canon f/1.2 = 1800$
Zeiss Otus 85mm f/1.4 = 4490$
With AF, getting 0.6 stop from f/1.8 to f/1.4 cost 500$, but going from f/1.4 to f/1.2 to get a bit less 0.5 stop cost 1000$. By accepting to give away 1 stop you gain more than 1400$ and still get a lens that perform really really well, a lens that is sharp corners to corners at f/1.8 while the f/1.2 lens need f/4 to match that performance, at least from photozone review...
The f/1.8 lens is 425g 72x72mm and take 58mm filters.
The f/1.2 lens is 1kg, is 91x84mm and take 72mm filters.
For me that would make the f/1.8 lens from Canon a fantastic value and the obvious choice... Couting that anyway the subject, the light, the compo are all much much more important and the lens already perform really well it is quite difficult to justify the alternatives, at least to me.
But everyone can choose for himself.
And the thing is, if you wanted the best, I would not bet on the f/1.2 lens to best performer, even for rendering on the list.