Roger Cole
Subscriber
The "50mm" might, maybe, be defensible as a sort of "35mm [full frame] equivalent image scale" because it's used that way so much in marketing of digital lenses. But even if so I can't imagine f/5.6 meaning anything other than it says, which is also pretty clearly just plain wrong.The bizarre thing, of course, is that no one would want 50mm on a half frame point-and-shoot. 21-28 would be best. And depth of field of 50mm at 5.6 is pretty sad.
@MattKing --- if the 50mm on the lens doesn't refer to the lens, what does it refer to? Labelling with the appearance of identifying is pretty straightforwardly understood as something people in general would be inclined to believe is accurate. And whatever is "universally" understood (which is nothing, nothing at all), it is most definitely a convention to write the actual approximate focal length of the lens on the lens.