My first seven years with rangefinder cameras were spent using a Tri-Elmar 28-35-50 lens exclusively. On the plus side, the optics are excellent, the handling is good, and the flexibility is of course great. The negatives are that it is a long-ish lens that covers some of the viewfinder framelines for all focal lengths, and to a lesser degree its slow speed of f4.0. Having shot medium format for years prior, the speed wasn't an issue for me. Until I got my first f1.4 lens anyway.
Even in the SLR world, the fastest lens designs are typically prime lenses. What you lose in flexibility is made up for not only in the extra two, three, or four stops, but in the unique imaging characteristics of many high-speed designs.
Both are great in their own ways. Both are limited in their own ways.
As a matter of personal preference, I haven't shot the Tri-Elmar in more than a year.
-J.