The 40f1.4 works very well on the Zi. I use the inside of the framelines as a guide and mentally "crop" slightly. The odd shot I can loose an edge or a detail that I thought was in there. however, if I need absolute framing, I go back to a Nikon F! Rangefinders are not that accurate, the frames are guide lines (be it Leica,CV,Zeiss or Hexar).
As for the differemce between the 40 and the 35f1,4's. Not much, excecpt with the MC 40/1,4 which has bit more contrast than the 35f1,4 SC's (which is to be expected anyway). Both my 35f1.4's are SC's as that fits my black/white shooting. As for the "tempest in a teacup" discussion about the 35f1.4 and focus shift - I have not had any problem with it. Just about every lens has a focus shift with different apertures, Leica is no exeception nor is Zeiss. Each lens tends to have "sweet spot" when it all comes together and admittedly it can take quite a few rolls to nail this down.
Most lenses perform well 2-2.5 stops down from maximum aperture, some have the sweet spot at maximum, 35f1.2 nokton is one, Asph Summilux, Summicron 75, Planar 50f2.0 ZM are others. That does not mean that they go "bad" at other apertures, just that they excell at their "sweet spots".
The 35f1,4 is a throw back to the old Summilux 35 and exhibits similar characteristics, slightly lower contrast at 1.4, but less flare than the Summilux, and less smeared highlights.
The 40f1.4 is probably not as sharp as the 35f1,4 at wide open, but it has a very nice rendition at f4-5,6.
My criteria is simple, shooting black/white a lens has to be able to produce a good 11x14" print at any aperture and if I know the optimum aperture and use it, it should give me a 16x20" from a full frame neg (this is with 400asa film -TriX,NP 400 etc). The lens should also be able to handle a contrast range matching the film. Dodging dep shadows or burning in fried highlights is occasionally necessary, but not desirable!