Cameralabs.com have a comparison between the Oly 45f/1.8 and Pana 42.5f/1.7. The Pana is sharper and more contrasty, but bokeh seems a bit worse for the Pana.
If bokeh is not too bad, the Pana seems to be a perfect all rounder for a light package (portrait, close up, landscape, low light).
If bokeh is not too bad, the Pana seems to be a perfect all rounder for a light package (portrait, close up, landscape, low light).