I owned it for a while. The quality is stellar, even wide open. It is not small. I loved playing with it at night but in daytime — well, I have the 14-24 and 24-70. So it wasn't getting enough use, and away it went.
In your case, the 24 f/1.4 is better than your 16-35 and perhaps more useful if you shoot much in dim light or at night.
Jon Kandel A New York City Nikonian and Team Member Please visit my website and critique the images!