When I bought my M4 in 1968, I was not aiming at statue symbol or prestige. It was only $15 more than a Nikon F. Before that, I own a Exakta VX IIb, with all Ziess ( Easten Germany) lenses. at that time, the Japanese lenses are not as good as my Estern German lens. Since I already have a SLR. I want a ranger finder. Leica and Ziess ( Western Germany) are the BEST at that time. Ziess did not make any range finder camera at thet time either. So the M4 becomes my only choice. Additional benefit of the M4 is the smaller size for both the body and the lenses. with the Elmar 2.8/50 on the M4, I can put them in a coat pocket comfortably by collapsing the lens into the body. I can even put the M4 with 2.0/35 Summicron into the coat pocket.
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