[/But would the ZM be able to compete in the middle against the Nokton 1.1 and the Noctilux? QUOTE]
Which is why the f1.2 Uber Sonnar is an option. Smaller than the other two, focus a few cm nearer, Sonnar bokeh, minimum distortion, high flare resistance but still good resolution. If fills the gap in the current m mount fast lens options.
Well, yes, it would if it were possible. But you're asking for a
better lens (closer focusing, less distortion, high resolution, more flare resistance)
and you want it smaller
and you can't 'stretch' a Sonnar (triplet derivative) that far. Or even that way.
I know I sometimes come across as an apologist for the big manufacturers, but what a lot of people miss is that often,
they are enthusiasts too. They want perfect and affordable lenses as much as the rest of us, and they are rarely lacking in imagination. They are however subject both to commercial restraints (which is why the new Noctilux costs what it does) and to the laws of physics.
If you ask actual lens designers the question, "Why can't you...?" you will astonishingly often get the answer, "Well, we tried it, but..." That's if it's not, "We can't, because..." I mean, did you know that telecentric designs are MUCH harder to correct for chromatic aberration?
"Much harder" means bigger and heavier and more expensive, and it tells you something when you consider that German-built Zeiss lenses for the ZI are big and heavy and comparable in price with Leica lenses. That's what it costs to make the best possible lenses in small numbers, both in the financial sense and in the sense of size.
Cheers,
R.