You may also consider Phase One, the backs are better (AFAIK) and probably some of the lenses too.
I use a Hasselblad and I can agree with you that some of the phase one Schneider lenses are really appealing, but hasselblad has the 100 f/2.2, an AMAZING lens for portraits, also has the awesome, but pricey, 35-90mm.
The only Phase one back that competes with the H4D-31 (at the same price point) its the P30+, and specs are really similar, I'm would not be able to say that one it's better than the other, just different (color, handling etc etc). Also the P30+ with the Phase one DF and the 80mm sells at $16,990 at calumetphot.com, the H4D-31 with the 80mm sells at $13,995.00… that's $3,000 cheaper.
I have to say that if Dan where choosing between the Phase One iQ140 and the H4D-40 that would be a different story, right now Phase one iQ140 clearly has the edge on features (LCD, USB 3, instant review etc etc). But the H4D camera vs Phase one DF, the H4D it's still the winner
Dan, on the 200mm end, MFD its not really easy to shoot with available light. Hasselblad has the 150mm f/3.5 and 210 f/4. Phase one has the 150mm 2.8, the mamiya AF ULD 210mm F4 IF. It's harder because 1) you don't have VR or IS 2) you need a smaller f/stop to get the same DOF 3) The camera vibration it's more pronounced.
To give you an example:
- With my Nikon D700 I could easy take a portrait with the 70-200 f/2.8 VR at 200mm with f/2.8, 1/200th and ISO 200 (base ISO) and get a sharp picture (because VR etc etc) .
- With the hasselblad and the 210 f/4 the same portrait I would have a reading of f/4, 1/50th and ISO 100 making almost impossible to get a sharp picture.
Even with a 1/200th (ISO 400) or 1/400th (ISO 800) you will need perfect technique, and you will need to have a monopod or tripod ALL THE TIME to get the most of the 31 MP sensor.
About the camera vibration, hasselblad has a mirror delay option that really helps. I'm not sure if the Phase one DF camera has that feature.
I would advice you to test both cameras first, the ergonomics are really different.
Good luck!