Sadly, I don't think the 85L can take the place of a 70-200/2.8IS. I only leave the 70-200 behind if I'm space-limited, such as when I use her Slingshot 200 camera bag. If nothing else, there are times when f/2.8 is necessary for DoF, and 85mm can rapidly go from hand-holdable (at f/1.2) to shaky (at f/2.8).


Even with unlimited funds, I'd still have 85L and 70-200/2.8IS (and the 200/2), though probably nothing else in that range.