For general photography the 50/2 Nikkor H is better than either. I've had all three, and no longer own a 50/1.4 Nikkor. The 55/3.5 is good at infinity and is self-shading, and has the versatility of focussing to 1/2 lifesize with no tubes or other add-ons, it's really a great lens.
The 1.4 is also a great lens, but IMHO the f:2 is better. It's also smaller, lighter, and cheap. Performs like a Summicron-R with a tiny bit of barrel distortion.