I managed to fix mine.
Before
After
It was pretty simple.
This blog post describes it
RiceHigh's Pentax Blog: (Hardware) Exposure Adjustment of Pentax Lenses
although in the 16-50 f2.8 the adjustment screw's are not where the leaver is, but to the right more closer to the spring.. if you zoom the lens to 50mm the lens element will sink into the lens showing a metal rod running down into the lens the screws are at the top of this rod.
The reason I attempted this fix myself was that I got the lens second hand, so no warranty and I didn't see the point in having a fixed f3.5 lens that was men't to be f2.8.
I know there isn't much in it but the little extra shallow dof and light gathering (2/3 ev) can help at times.
Test image.
On a side note, during testing I found out my sigma 24-60mm f2.8 is brighter than it should be at 60mm f2.8 (by around 1/3-2/3ev) so while its a constant aperture zoom, the brightness does change.. I guessed I noticed it a while ago as my wider shoots with strobes seemed a bit darker than at other focal lengths.