UPDATE: The purpose of this thread is to thrash out ideas as to what the benefit of having a constant aperture in a zoom lens. Now obviously it's more expensive to manufacture a constant aperture lens so why the need? Surely Canon/Nikon/Olympus/Sony cannot be churning these out for no reason. Even if they did, people wouldn't buy them.
Also, keep in mind that though a constant f2.8 is always thought of the only constant aperture lenses have, this is not true. There are zooms that have constant f4 throughout its zoom, usually very long telephotos used for birding.
If indeed faster lens is better and constant aperture lenses are more expensive, surely it's better to have a 80-400mm f3.5-f5.6 compared to a 80-400mm f4 because at least you get f3.5 at the widest angle.
But instead the manufacturers released a very pricey 80-400mm f4.
After seeing the thread grow to 3 pages without much progress, I wish to share my thoughts on this.
IMHO, shooting in manual exposure mode will shed light on why constant aperture lens is always better than a variable one. And this is generally agreed to be the benefit of having a constant aperture - a constant aperture will allow you to keep exposure constant throughout the zoom range.
It is as simple as that. Yes, you can adjust shutter to compensate for brightness. You can also fool around with ISO. In fact, you need to do this every time you change focal length on a variable aperture zoom. This is time consuming and error prone resulting in the frequent zoom - adjust - zoom - adjust cycle.
If you shoot in the one of the PAS/scene modes, the camera adjusts the settings for you but you open yourself up to the mercy of the camera which can result in camera shake (too low a shutter) and exposure errors (metering issues). But again the problem is inconsistency.
Thanks to all the seniors which participated in the discussion. I hope the newer folks entering the realm of DSLRs will come across this thread in the future and that it will help them answer this nagging question
Also the f-number is derived from the (focal length) / (size of the diameter of the lens opening).
