To tell you the truth, I haven't really used the Sigma enough to give an honest answer. I used it briefly during a workshop in London but not extensively. But honestly, I would imagine that if the Sigma publicly existed when I bought the 50L, I would have sprung for that. I still use the Sigma 30 a LOT, and it's still one of my favourites. But I use the 50L on a crop 95% of the time. I rarely use it on FF, I just don't like how much blur there is on FF, and the blur quality quickly decreases as you stop down, so I either use this lens at F/1.2, or F/5.6 and narrower, but hardly anything in between.
Anyhow, it focuses decently well. It's not fast, but it's not slow. But it seems to do a decently good job of accuracy. I haven't noticed it to be any better or worse than my previous 50 1.4. But then again, I never complained about the 1.4's focusing speed/accuracy either.
I went with the 50L because it shows less halation wide open. 50mm lenses seem to be the most sensitive to that. My 1.4 had a lot of halation at F/2.2 and wider, my Canon FD 50 1.4 has it also at F/2 and wider, as does my FD 50 1.8 at F/2.5 and wider. My Nikon 50 1.4D had brutal halation at F/1.4 and 1.6 but was excellent at F/1.8. The 50L does also suffer from it, but to a lesser degree. The halation on the sigma 1.4 looks pretty strong too. Anyhow, it was the least offensive on the 50L which is why I decided to go with it. It does all right for me, though I'm not in love with the lens or anything like that. It is NOT sharp though. It's actually kinda soft at F/1.2, but the blur quality is the best out of any other 50mm I've used. But I'm not too concerned with sharpness. I've printed many larger prints from my 40D and 50L combo taken at F/1.2 and it's still not much of a concern. So don't get the 50L for sharpness, because it just isn't wide open. In fact I think my 1.4 was sharper, but like I said, I don't care too much about sharpness.
One thing to note was that the first 50L I bought was brutal. I couldn't focus on anything properly to save my life. I first thought I just had to get used to it, but after a week I knew my technique wasn't that bad. So I exchanged it for another one, which was excellent and consistent, and still use it today. Don't know if bad 50Ls are common or not, but I was batting .500 with mine.
Another thing to note, I tried out my cousin's 50 1.4, and hers was a zillion times better than mine in regards to halation control. If I had her lens I would have no need for the L. In fact, I MUCH prefer the size of the 1.4. So there seems to be quite a bit of copy quality variance in both the 1.4 and 1.2 lines imo. Maybe I'll ask to trade with my cousin, but I don't think she's interested in having a big, FAT, heavy lens that won't give her much more than what she already gets.
So yeah, I paid extra for the L, and I don't resent my purchase. The bokeh is still best on the L, so I feel I DID get something for my money, but I'd also be perfectly happy with a 1.4 that had less halation than mine.