Originally posted by Aristophanes If you shot the same subject under teh same conditions wide open at f/1.2 and f/1.4 with, say, their "A" versions, printed them big (assuming both are in focus, exposed properly, etc), and laid down a series for a Coke vs. Pepsi face-off, you'd probably see no difference in practical viewing unless someone knows how to count aperture blades (9 for 1.2, 8 for 1.4). Good luck with that.
For aesthetic performance, no difference.
As for the comments about newbies getting a fast fifty. Absolutely. Great advice. It gets people moving their feet and allows for greater DOF and isolation opportunities that are the bread and butter of good photography.
this is basically the wrong impression that some people have with the 1.2. having handled both lenses, the difference is night and day in terms of practical and aesthetic performance.
to those who think that the half-stop advantage of the 1.2 to the 1.4 does not show any relevant difference, you are wrong.
the light transmission of the 1.2 is so strong that would make the 1.4 shot look like underexposed by more than just a half-stop. this advantage is very practical and evident in lowlight shooting. at stop-down, the differences would be in the specular highlights.
as mentioned already, even at wide open the difference would be noticed, but not just for light transmission but bokeh rendering as well. a 1.2 has a unique bokeh that a 1.4 lens could not replicate no matter what. they are just completely different and more like comparing apples to oranges. this is not like a comparison between a 55/1.8 and 55/2 that are similar in optical design.
for lowlight or night shooting, the 1.2 would just trump the 1.4.