How many street-shooter you have seen lately with a MF back?
MF backs are normally reserved for shooting under controlled lighting conditions, a Leica M is usually the tool of choice for street shooting, there is a big difference here.
You want an M body to be able to cope with anything, reduction of versatility should not be accepted as a compromise.
Everyone, since Leica intoduced the 35mm format ,knew that it was not the ultimate image quality tool, any decent MF camera is able to beat the c**p out of any M body; size, versatility and reliability, together a good (but not the best in absolute terms) image quality, are what made Leica the ultimate street camera.