You can turn the tilt and shift knobs simultaneously in both designs.
The v1 allows the rotation of the lens while mounted on the camera so that if say you have the camera level on a tripod, mounted normally (landscape orientation) you can shift up and down and at the same time tilt side to side or you can rotate the lens, without moving the camera, and shift side to side and tilt up and down. If you want to be able to shift up and down and also tilt up and down you have to disassemble the lens and rotate the front of the lens with its tilt mechanism 90deg. and fix it back.
The v2 allows two rotations. One at the back of the lens, like the v1 and another, at the middle of the lens, that allows the rotation of the tilt orientation while you can leave the shifting orientation fixed.
Mechanically both lenses do exactly the same thing. The difference is that the v1 requires an additional 5 minutes and a screw driver to keep up with the v2.
Many are failing to realize that the new version II lens can have the tilt to shift orientation rotated to any angle within a 180 degree range, not just be re positioned by taking it apart to change it 90 degrees at a time. So your shift and tilt directions can be set to exactly meet the scene at hand, and you can do so easily and quickly and safely. There really are many situations where you want the different orientations, and also want orientation angles that are not either 0 degrees or 90 degrees. In addition, I would never be trying to take a series I lens apart in the field to change the rotation. If you do the change on the old series I lens wrong, you can easily damage the little ribbon wire that passes information from the rear of the lens to the front.
Roland W wrote:
Many are failing to realize that the new version II lens can have the tilt to shift orientation rotated to any angle within a 180 degree range, not just be re positioned by taking it apart to change it 90 degrees at a time. So your shift and tilt directions can be set to exactly meet the scene at hand, and you can do so easily and quickly and safely. There really are many situations where you want the different orientations, and also want orientation angles that are not either 0 degrees or 90 degrees. In addition, I would never be trying to take a series I lens apart in the field to change the rotation. If you do the change on the old series I lens wrong, you can easily damage the little ribbon wire that passes information from the rear of the lens to the front....Show more →
Correct. The full rotation of tilt to shift orientation is the biggest advantage of version II IMO. I normally keep the tilt shift position in parallel most of the time on my Mk I lens.