The Bad Flashes video? If so, I watched the same one last night. FWIW, I have the LTM "Classic" 35 Color Skopar lens.
As with
@GregY I suspect mild haze or something else subtle. IIRC, he did decide he liked the rendering of the LTM version better. The differences were pretty mild and I wouldn't reject the LTM lenses for the differences. If I had the LTM lens and acquired an M-mount camera, I'd use the LTM lens with adapter without giving it a second thought. I'd only consider it if I had the M-mount camera and was shopping for a 35 Color Skopar.
More than likely the case. Or just general wear, or some unpublished change in coating recipe as a result of manufacturing changes (similar to what we see in other consumer products).
The video was testing two Voigtlander 35mm Color Skopar Lenses. The LTM was purchased used, but the M-mount one was purchased new. Ergo, there might be 20 years between the two, but anecdotally they use the same lens formula, coatings, etc.
How is that a test between two lenses? He wasn't testing the cameras, but two versions of the same lens. But...doing what you suggest would rule out mount differences. That would require 3 shots: LTM, LTM w/adapter, and M-mount. Maybe that's what you meant and I'm dense.
Chris