In about June 2023, I test-shot a demonstrator Version I of the Summilux-M 35mm FLE, and really liked the handling qualities. The hood was a part of that handling equation, the same hood that is on my well-liked Elmar-M 24mm ASPH. Too big? No, not in my opinion. “Just Right.” I have not yet bought an FLE I, however, largely because I already have the Zeiss Distagon 35mm f/1,4 ZM, which, though large, has a rendering that is often worth carrying the larger lens. (To start Leica M shooting, I acquired a Summilux-M 50mm ASPH, which is far from being a compact lens.)
Alongside that FLE I, I test-shot a sixties-vintage, but quite clean Summilux-M 35mm Version II. I did not find it to be anything special, optically, until stopped-down, and, it seemed to be just a bit too fiddly, and small. I reckoned that I would rather have a Voigtlander Nokton 35mm f/1.4 II, which I had also test-shot, earlier, or, try to find a nice pre-owned FLE, or perhaps a version of the Summicron.
In mid-2023, I then had a chance to order a Re-Edition Steel Rim Summilux, when Leica USA received a delivery. (Notably, their availability had not triggered a notification e-mail. On a whim, I had simply decided to take a look at the site, and it showed that I could add one to my cart.) I liked the handling of the Re-Edition more than that of the Version II, presumably because of the slighly larger diameter. Thus far, I am really liking the Re-Edition Steel Rim, so, acquiring a pre-owned FLE I is now moved to a back burner. (I do tend to accumulate 35mm lenses...)
With any lens, a Minimum Focusing Distance of 1 meter is going to be a draw-back, in some circumstances. This is a factor with both the original pre-aspherical Summilux-M 35mm lenses, and the Re-Edition.