I've been told the Nikon has a 3-element lens, do you know if this is true?
The L35 is a Sonnar type lens 5 elements in 4 groups.
There are many 35 point and shoots with very good to excellent lens.
Although not a autofocus the Konica S3 with the 38mm 1.8 lens was tested as being on the sharpest lens in the almost wide range ever tested by both Modern and Popular Photography.
The Canon AF 35Al is a 40mm 1.8 5 elements in 4 groups. Like the Konica and Nikon L35 it will take filters. Minolta also made a 40mm 1.8 with AF, but not motor advance.
The Canon Sure Shot XL has a very nice zoom, somewhat slow, but the Xl has a high shutter speed.
The Canon Sure Shot A 1 underwater and bad weather camera is a 32mm 3.5 6 elements in 6 groups.
Olympus made a number of great point an shoots, the Stylist 170 is a 38 to 170mm 10 elements in 8 groups with spot metering, weather proof case.
I was given a box of point and shoots, I tricked out a Nikon Zoom 100 by gluing a series V adaptor the from of the lens assembly, I now have a lens hood and can add a light yellow filter, by cutting out a section of a an old Kodak print scale for a 1 and 2 density with I can tape with clear tape over the light sensor I can also use orange and light red.