I'm lucky enough to own a Zuiko 55/1.2 and a Rokkor PG 58/1.2. The Rokkor can be converted back and forth to EOS mount, the Zuiko just rides on a simple adapter. I find that using the 55/1.2 through my OM-2 camera produces almost perfect 1:1 image scale and I can keep both eyes open without confusing my brain cell.
In terms of image quality, these are very different lenses. Wide open, the Zuiko is soft and dreamy while the Rokkor is quite sharp. On the other hand, the Zuiko has considerably smoother bokeh than the Rokkor. Both are very sharp from about f/2.8.
I've played with both on film cameras but there is a significant issue when you use them on a 5D Mk II - it can't detect light coming from a steep ray angle so the pixels effectively truncate the lens' aperture to f/1.6 or maybe f/1.7. This effect happens with every ultra-fast lens (including the 50L) that is not telecentric and according to a DXO Labs report, applies to most Canon, Nikon and Sony cameras. In other words, there's little optical reason for purchasing an ultra-fast lens for use on a digital SLR.
Having played with the same lenses on my Fuji X-E1, I can report that the fast Zuiko and Rokkor lenses work as they should on this camera. The X-E1 pixel pitch is 4.75µm compared with the 5D2's 6.4µm, suggesting that the stop-down effect is caused by either the AA filter, the microlens design or the internal structure of the DSLR sensors.
Since the OP posted on the 55/1.4 Distagon, I should also comment that this lens is largely telecentric. (The Distagon design is basically a telephoto lens used backwards.) The effect is that the 55/1.4 Distagon should collect about a third of a stop more light than the 50L. This will hardly matter since there's no visible noise difference at the level of 1/3 stop.
Will Canon make a fast 55-ish lens? Honestly, I really don't expect they will.... it's a focal length from 40 years back and went out of fashion a while ago.