The Bokeh of the F/2.8 IS II is somewhat noticeably worse, especially in the transition areas. I don't know why you assume it would be better. In fact the F/4.0 IS is overall better in every single way except CA (CA is almost nonexistent in both) and vignette, although I've tested several copies back to back with the F/2.8 IS II and they trade off in resolution with the overall victory going to the F/4.0 more often but because they are so close that sample variation is the biggest determinant of quality.
Personally on a full frame body I believe the F/2.8 IS II isn't a very useful lens, F/4.0 at those focal lengths is already barely usable for me, and my preferred combination is 24-70 F2.8 and 70-200mm F/4.0. The main advantage I see to the F2.8 IS is with teleconverters, which due to aperture speed is will be limited with the F/4.0 IS. I've seen over 160 lenes and the 70-200mm F4 IS is as close to perfect as it gets, it's only flaws are vignette, apochromatic performance, and focus breathing, you couldn't ask for more in this day and age.




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