I've also been pondering this question, mainly because the only ultra-wide I own is the Canon EF 20mm f/2.8, which isn't an outstanding performer (especially not at f/2.8 or f/4). Judging by test shots posted on Photo.net, the Biogon seems like a contender for the title of world's sharpest ultra-wide lens. It (literally ;o) edges out the 21mm f/2.8 for Leica M, a lens which costs so much more that it would be cheaper for me to buy a used G2 specifically for the Biogon.
But what about the Distagon? Comparing the MTF charts on the Zeiss site, it does seem to give a bit of ground to the Biogon. The distortion reaches a peak of 2.5% towards the edge of the field, compared with just 0.5% for the Biogon. At f/5.6 it holds its own until the corners, where there is a pronounced drop-off in the sagital curves. This only happens around 19mm from the centre, which is in the far reaches of the corners (the frame ends at 21.6mm).
At full aperture, the Biogon is a clear winner in terms of contrast at the edges, holding 0.8 or better for the 10lpmm curves right to the edge of the frame. The sagittal curve for the Distagon crosses the 0.8 barrier 17mm out from the centre and finishes up almost exactly on 0.6. That amounts to an observable difference in the corners at full whack, but it is still good performance. Interestingly, the recording of fine detail (indicated by the 40lpmm curves) is actually slightly better with the Distagon at f/2.8.
In conclusion it would be hard to be disappointed by the performance of either of these lenses. According to the charts, the Biogon "wins" marginally while the lower number of elements and the compactness also weigh in its favour. However, one important factor that nobody has yet mentioned is the closest focusing distance: 0.5m for the Biogon plays 0.25m for the Distagon, and that advantage could open the door to some interesting shots that would not be possible with the Biogon. Finally, the matter of bokeh is something that can't be assessed from charts, so we can only hope that some lucky user of both lenses passes by here and posts some comparative test shots. Meanwhile I'm planning to pick up the Distagon when I see one for the right price, and see how I get along with it.
Regards all,
-= mike =-