Originally posted by pinholecam
I gave up on the 'all sharp' vintage lens.
If one wants a MTF monster, pay the money and buy a modern one with the proven MTF figures.
Probably spend less that way than buying/trying many old lenses.
Personally, I find that I like old lenses for their character/trade-offs/flaws.
I will check that thread with curiosity. I'm always interested in this kind of subjects.
Regarding the practical photographic worth of "sharp" vintage lenses, I substantially agree with you.
Many of them are not as sharp as modern ones, and have nothing special to offer.
Though I haven't sold a single one... cause I love collecting them. Which in practice means that I have a problem parting with items that I didn't acquire by chance, or just because they were cheap.
Almost all of them were chosen for a reason: expected performance, historical relevance, mechanical construction, aesthetics, interesting optical flaws, identity/period/nation of the designer/maker.
A good number of them have a very special value to me. I studied the available info, tracked them down, and tried to ponder about the price and the state of conservation... there was a process before buying them.
Having said all that, it is true that the vast majority of vintage lenses worth acquiring make practical photographic sense because of their "character". Which in practice is the expression of their optical shortcomings.
Though I wouldn't generalise and make it a rule.
In the first place, there are objectives that work so well in manual focus, and have such a great build, that this reason alone could justify their use in specific situations or fields of use (like high magnification macro), in place of modern AF objectives.
Even if we forget about ease of use and the intrinsic pleasure of using well built, well designed photographic tools, there are a minority of vintage lenses that can actually compete with present time offerings in price/performance ratio.
Just think of a Leitax'ed Summicron 2/50mm. Even today, it can be considered a very sharp lens, with even performance across the field.
I personally found that a small number of old zooms are still competitive too.
The Vivitar Series 1 Flat Field 90-180mm has a very old design, but still gives a lot, even considering its not-so-cheap average price: 1:2 macro across the zoom range, and very good sharpness at close range and medium apertures. I don't see many modern alternatives...
There are not so many vintage zooms that are still competitive, but they do exist.
A few selected objectives still have a lot to give, especially considering their PRICE.
Similar (or better) modern lenses are expensive.
If we don't ask very good sharpness wide open, there are affordable vintage lenses (including a few zooms) that give an optical performance comparable with modern designs, at a fraction of the price.
Though in general I can say that I personally agree with you.
The real value of most desirable vintage lenses is due to their peculiar "optical signature", which in turn comes from optical flaws (aberrations).
Their "funny" rendering is the main reason for buying one.
Very few modern lenses can give the same kind of images, and usually have crazy expensive price tags (see Leica or present time Meyer).
EDIT:
Your shots with the little Pentax-M 20mm are a very nice example of what you can achieve with a good vintage prime that is not on par with modern offerings, especially wide open, but has other very important advantages (read: weight and bulk).