Originally posted by Damian.T Errmm, no!
Please take into account that I'm a newbie to all this and will more than likely ask ridiculous questions!
Sorry, Didn't mean to imply anything. Being a newbie here doesn't always mean a newbie to photography or even to Pentax.
To better answer your question, from my experience with both lenses, On the k20d, the kit 18-55 amounts to a doorstop compared to the DA*16-50. I'm not saying you cannot get decent images with the kit lens but in this case, you do get what you pay for. The sharpness, color, rendering, bokeh, and every other photographic aspect of the DA* simply blows the kit lens away. The physical difference is quite large if that matters to you. The DA* is about twice the size and weight of the kit lens.
As with the other range zoom lenses, there are third party options that are also nice. The single real complaint about the DA* lenses is the SDM. If it fails, and in some cases it does, you are stuck with a manual focus lens. The k20d (or any other camera that has SDM enabled) will not revert to the screw drive. This failure will usually occur (IF it's going to happen) After the warranty expires. I've owned mine since the lens was released, used it A LOT, and haven't experienced any of these problems. However, just to be safe, if you go after one (new) I would suggest an extended warranty.
There are people here who get far more out of the lens than I do but here are some photos from mine (on all 3 cameras from K10d, K20d, and K7).
Pentax DA*16-50 SDM - a set on Flickr
Of course once you start down the DA* path, there is no turning back