It would be handy to have a site that did technical reviews of older glass.
Unfortunately, there aren't a lot of 'modern' reviews of old glass (complete with MTF, distortion and CA tests etc) about. A useful one however is
Photozone's test of the K 135 /2.5.
In a test result that would probably be typical of many older primes, the old glass holds up decently when tested today, certainly on build quality, distortion, resolution and vignetting. Where it falls down optically compared to modern glass is CA, which modern glass and coatings deal with better. But balancing that downside of old glass is the fact that modern software like Lightroom is excellent at eliminating CA...and can also help fix up a lot of other issues that might crop up with older glass too.
Personally I find a lot of my older glass performs very well compared to my modern lenses. Sometimes however the convenience features of modern glass - AF, full AE support etc - may trump any optical properties of the older glass, since sometimes it's important to just get the shot (or shots). After all, if you don't get the shot it doesn't matter how great the lens may be, old or new.