Hi Again!
This is correct.Therefore, if my understanding it correct (and I am not convinced it is), with Lens 1, you may need to increase the ISO rating in the camera in order to achieve the same level of image brightness as using Lens 2 because Lens 2 is a 'faster lens' and handles low light conditions better than lens 1.
Yes, one way to compensate for a lens with a smaller max aperture is to use a higher ISO. I was just trying to point out that while the exposure level would be the same if compensating for a slower lens with a faster ISO, other qualities of the photograph will be different.
This is correct.But it seems to me that with a faster lens you may not need higher ISO levels to get acceptable photos without noise
Everything in photography is a tradeoff
It sounds like you need to decide whether the tradeoff for saving money by buying a slower lens (but compensating for it by using a faster ISO) is worth the disadvantages. Most of the advantages/disadvantages are in my first post.