I've shot the V/C 35mm 1.2, the V/C 40mm 1.4 and the Leica 35mm Summilux Asph.
For starters, I am sold on the 35mm focal length for low light use. The wider perspective makes it a little more tolerant of camera shake at slow speeds and it also offers a little more depth of field at maximum armature. I also find that I am often nearer to my subject in low-light situations, such as across a table, where the 35mm field of view seems appropriate.
V/C 35mm Nokton: I am very satisfied with the build quality of this lens and the images that it produced. It is a very nice piece of glass and does seem very flare resistant. The extra half-stop can come in handy, too. I do, however, find it too large for a walk-around lens and so I consider it a special purpose piece.
V/C 40mm multi-coated: Again, I am happy with the build quality and the photographs from this lens (although I slightly preferred the 35mm 1.2 on both counts). It is a wonderfully compact lens which can be wither praiseworthy or scornworthy depending on the agility of your fingers and your familiarity with the lens. While I never owned the hood for this model, I never noticed a problem with flare. Hoiwever; I never got really comfortable with the 40mm focal length, and I often hesitated, with my M6 at my eye, because I was second-guessing the field of view.
Leica 35mm Summilux Asph: Build quality and image results are satisfying. I will not say that it produces better or worse photographs than the V/C models as I believe that they all produce very good results. I always shoot this lens with the hood attached and, while I have noticed an occasional instance, I do not believe that flaring is a significant problem with this model. I recently shot a dozen rolls of film under a multiplicity of conditions in Ireland and only one frame was compromised by any meaningful flare.
Of the three lenses, it is the Summilux that I will not part with. The VC 35mm 1.2 is already sold and the 40mm will be on the auction block shortly. I am a casual shooter and I document things that I discover rather than setting out to make images that I have pre-planned. Because of this, I do not want more than one ~35mm lens: the 35mm 1.2 might be better for low light, but I feel that it is too large for a walk-around lens and so I will not have it with me when I need it. The great virtue of the Summilux is that it is fast enough that I can get by almost anywhere with ASA 400 film and compact enough that I don't mind leaving it on my camera. The V/C 40mm 1.4 has these virtues as well, but I am not as comfortable with that focal length.
Regards,
Ryan