uhoh7 Offline Upload & Sell: Off
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Ron made this post at RFF, regarding LTM vs latest M version:
"...when the new version was announced, IIRC, Tom A here on the forum stated it was the same optical formula. Meanwhile, Cameraquest states there is a slight difference in the formula. They have the block digram for the old one and it indicates the rear element is aspherical on both surfaces, whereas Cosina's block diagram for the current lens indicates a single aspherical surface. Otherwise all the other elements look the same, etc. I recall an early side by side test, either here or on LUF, revealed that the new lens had different coatings and appeared to handle backlighting somewhat better, but otherwise performed similarly to the LTM version. A difference of note is the 90cm minimum focusing distance for the LTM, vs. 70cm for the current version.
I have the LTM version and it's a decent lens, but not necessarily a technical marvel, or one with particularly unique character. I believe it's sharper centrally and wide open than my 50 Lux ASPH, but doesn't have as good across-frame performance. It has a tendency for purple fringing at wider apertures in high contrast transition areas. I'm not sure how typical my LTM version is, but the focusing ring has a very dampened and somewhat slow feel to it. Rendering/character seems to be rather anonymous. Background blur is the closest I have tried to the Lux ASPH with other 'f/1.4' lenses, but not quite as gaussian. Contrast and saturation seems to be moderate."
So, all CV 50/1.5s since the Cosina LTM came out are ASPH. The formula MAY be slightly tweaked for the M and coatings are updated, but the lenses are extremely close according to most accounts. I would not doubt the newer version is better 
On eBay I see the LTMs going for around 370 and the the M version for 430ish.
The ability to focus at .7 instead of .9 might be worth that money to some of us 
Edited on Oct 11, 2016 at 12:20 AM · View previous versions
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