Are your sure that the uses for this lens will be solely for “portraiture”? But if this is the case, then to answer question directly, you will not necessarily require an IS lens, for Portraiture.
The rationale:
- If you use Flash you should not usually require IS – as essentially the Flash Exposure will arrest the Subject Movement and generally the Ambient Light level will be low enough for the image not to inherit a blur if you ue the Maximum Flash Sync speed of the camera.
- If you use Available Light and use a monopod or a tripod then usually the Tv (Shutter Speed) necessary to arrest Subject Movement will also be fast enough to arrest Camera Movement (of a supported camera and lens – i.e. NOT Hand Held)
In Addition - for ‘Portraiture’ the DIFFERENTIAL of F/2.8 and F/4 in the possible Shallow Depth of Field effect is actually minimal and virtually nonexistent at many, close Framings.
So (assuming the 70mm to 200mm FL range is what you are after) - the EF 70 to 200F/4 USM would be a suitable choice for the job.
HOWEVER, returning to my first point – are you absolutely sure that the lens will not be used for other purposes which require the more likely use of Image Stabilization?
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There are likely to be many -
What camera(s) do you have?
What lens(es) do you have?
Please outline the general shooting situation(s) for these ‘portraits’.
WW