[jetrink]

> Color rendition is also impacted by the sensor, assuming digital cameras.

Particularly since the old lens was designed for film, perhaps even black and white film. The choice of film has a much larger impact on color rendition than the lens would have. Also, unlike sharpness, color rendition is highly subjective and easily corrected. If you're shooting to JPG and you don't like how the camera is interpreting the colors from a lens, most cameras allow you to customize the white balance.

[eschneider]

Some lenses definitely have more chromatic aberration than others, completely independent of film or sensor.

[jetrink]

Chromatic aberration is a type of optical distortion and is a separate issue to color rendition. Color rendition refers to the lens's ability to transmit light equally across the color spectrum. If the lens is more transparent to red wavelengths than blue, images will look warmer, for example. Chromatic aberration, on the other hand, is a type of distortion in which a lens fails to focus all colors to the same convergence point. It will negatively affect image quality even if you use the lens to take black and white photos, since the result is a blurrier image.