The limiteds trade maximum aperture for size as opposed to the stars, but I doubt that there is any obvious difference in optical quality caused by being manufatured to a budget - they are both premium lines.
Originally posted by JonPB For instance, you'd expect the top-shelf lenses to have the fastest optical designation, yet the widest DA Limited is a 15mm f/4 lens whereas there is a consumer DA 14mm f/2.8. The DA Limited 15mm is a much smaller lens, however, and has better build quality.
I think it is a bit misleading to refer to the DA14mm as a 'consumer' lens as opposed to the 15mm Ltd, just because it is a DA (not that I'm biased
) The 14mm was one of the first DA lenses, (2004) as the so-called cropped sensor meant that an extra-wide angle lens was urgently needed, and it therefore predates the diversification of digital lens series that Pentax is prone to. Its build quality (metal body) and optical performance is better than the average DA series lens and not obviously worse than the Ltds - and it's not exactly cheap... If it was launched now, I suspect it would be as a DA*, although I normally focus mine manually anyway!