Ok. I have both.
Voigtlander Classic Heliar 50mm F2 VM
The classic Heliar VM is my favorite 50mm for the portrait. When fully open in the center, the sharpness looks a lot worse than the C Sonnar at F1.5 (fully open), but in the middle frame it is better than the C Sonnar at F2.8 and has a low contrast, it improves completely with each subsequent aperture. Focus from F2.8 to F8.0 in the center improves and stops in F4.0-F5.6, but in the center it tries to catch up with C Sonnar on every next same F-stop. It looks like the opposite of Sonnar C. I emphasize that thanks to the dense aperture, nothing is lost on the beautiful blurring of the background. Bokeh is always beautiful and perfect. I use it mainly on sunny days. It is small because it is foldable. Heliar never caught a flare and I have had it since 2008. Maybe because it has standard cover on sunny days.
Zeiss C Sonnar 50 mm F1.5 ZM
I had high expectations of him.
It is very sharp, fully open with strong contrast, but only in the center the corners are blurry. Corners improve when the aperture is closed, but not as much as on Heliar. In the center frame, the C Sonnar catches up with the Classic Heliar with the F2.8 with each subsequent stop of the aperture. C Sonnar in the center of focus is the king. You can safely use F2.0-F2.8. Difficult to master in F1.5, but if you hit the eyes you win. You have a super sharp photo to get a nice blur with just the right softness. From F4.0 to F8.0 he is a focus demon, much like Heliar, who is much weaker in the middle.
Conclusion.
I accepted the Classic Heliar, I did not care about its fully open aperture, I always stopped the aperture and compensated it with a beautiful bokeh effect at every aperture. In the case of the Zeiss, 10 diaphragm blades (Ninja star) can destroy the beautiful blur effect for f2.8 to F5.6 apertures, which is not much better than the Hexagon from the Contax SLR, but better. I have not yet received the "3D POP" comparable to the Planar 1.4 50mm. I obtained this effect, but it is not as plastic as in SLR CONTAX 50mm f1.4 and f1.7. Overall, I am satisfied and consider it a worthy successor to the my Classic Heliar (next level of bokeh). The Zeiss offers a C Sonnar 50mm portrait lens that offers a shallow depth of field, beautiful bokeh and very good sharpness further down the aperture. Unfortunately, you have to be careful about its properties. We have all in one and you need to know how to use it. By checking the aperture if necessary, what effect you want to get. All new lenses have a fairly high contrast and are therefore sharper. Classic Heliar is more even at the corners while C Sonnar doesn't care about the corners as it focuses on portraits. The sharpness in the center is an advantage of the C Sonnar. Basically these are two different lenses, so I'll be using both in the future. Classic Heliar is very similar to C Sonnar, but C Sonnar can do more. Classic Heliar forgives a lot, but C Sonnar does not. I think the ZM Sonnar f1.5 at f2.0 gives a better effect than the new VM Nokton 40mm f1.2 near f2.0. The Russian copy of the sonnar from 1953 which I had had a beautiful blur and the same "3D POP" as the SLR Contax Planar 1.4 and 1.7 but it was much weaker than Heliar in terms of sharpness.