Niels, no, NOT the Speed booster!! The Smart Adapter MB_EF-m34-BM1
Allouette,
The IBIS works VERY well, every bit as good as the 50-200 or any other. As you can see from my samples, I can hand hold at 1/60 with 400-540mm of glass!
Today I played around with the 400/5.6 with the 1.4 Extender attached in only slightly better light. It works VERY WELL. Amazing what a little light will do!
Even with the extender attached I have the whole center group of 37 AF points if I need them, and they all work. (The 7DII has ONE!)
You can use all functions on the E-M1, with the exception of C-AF. It sort of works when there is enough light, but it is not yet there. It wouldn't surprise me that Metabones makes improvements there. Hope so.
In my opinion the 50-200 + EC-20 can't come close to the 400/5.6 prime, even stopped down. I had the EC-20 and got rid of it. The EC-14 is excellent, but I found the EC-20 not so good. The 50-200 is a
wonderful lens, but up-resed files from it with the EC-14 are far inferior to the 400/5.6. Hard to beat primes and the little Canon 400/5.6 is a gem!