Originally posted by pjsnell My use of the word "fast" is misleading. I meant like "fast fifty lens", which on second thought (and after everyone's comments) the DA40 qualifies as (although it's 10mm shorter).
Right. I did realize by "fast" you meant the shutter speed that results from large maximum aperture, not AF speed, but I assumed that since you mentioned that the DA40 wasn't fast enough, and specifically mentioned toddlers, that you were looking for motion-stopping shutter speeds, not just hand-holdable shutter speeds.
If you can get the kid to sit still, I would think f/2.8 *should* be "fast" enough, although perhaps you really want the shallower DOF for these kind of portaits, and the ability to not necessarily have to max the ISO. And indeed, the longer focal length of the 50 as well as the wider maximum aperture both help. It's also a just plain better focal length for portraits. So, no doubt in my mind that you want a 50.
Personally, I'd keep the DA40 and go cheap on the 50 (I just picked up an M50/1.7 for $33 on Ebay - this *is* still easy to find for cheap). But selling the 40 and going with a 35/50 pair is a fine idea too, especially if you often feel the DA40 is either just a little *too* tight or not tight enough.