Rather than comparing the two lenses... I'd first choose whether you need a 50mm focal length or 85mm. You really can't compare two primes of diffeent focal lengths. For portraits on a cropped sensor, I"d choose teh 50mm. For portaits on a full frame, i'd choose 85mm.
I personally would go with
* 50mm f1.4
* 85mm f1.8
* 135mm f2L
The cost of those three excellent primes is still slightly cheaper than either ONE of those f1.2L lenses... thats a lot to gain a stop or less.
but I do understand the attraction to an extremely fast lens and "playing" around the extremely shallow DOF. I do it all the time with an f/1 on another camera. If that is you intention, plan on getting a 3 stop or more ND filter to fit on the lens so you can also shoot at wide open in daylight.