For me it would be the Canon 400 f2.8 IS.
I already have this lens. But, if I could only have one lens for one year, I would choose the newer version "2".
Why the 400 f2.8 IS v2 ?
Well, because of the combination of versatility and overall excellence.
VERSATILITY:
use it with my full frame, my 1.3 crop, or my 1.6 crop
use it "naked", with the 1.4x extender, or with the 2.0x extender
this results in effective focal lengths of 400mm, 520mm, 560mm, 640mm, 728mm, 800mm, 1040mm, 1120mm, and 1280mm
it practically becomes a 400-1280mm zoom!
MFD is pretty close, and does not increase with the addition of an extender, so it can be used quite effectively as a close up lens
EXCELLENCE: (the latest version)
4 stop IS
extremely accurate AF
extremely fast AF
tack sharp, even wide open
rich, accurate color rendition and contrast
pleasingly smooth OOF areas
wonderful compatibility with the version 3 extenders, with respect to image quality
Not having anything wider than 400mm would hurt a bit, but it wouldn't have too much of a negative effect on the photography I do.
"Your" and "you're" are different words with completely different meanings - please use the correct one.
"They're", "their", and "there" are different words with completely different meanings - please use the correct one.
"Fare" and "fair" are different words with completely different meanings - please use the correct one. The proper expression is "moot point", NOT "mute point".