This is consistent with my experience with other (non-macro) Sigma lenses - they tend to be soft and/or have other significant image degradation within the first stop of wide-open.
It appears that the focus moves toward the front of the paper clip throughout this first stop, but it also appears that the focus point (wherever it is!) is still soft. A quick check of the images on
Sigma 50mm F1.4 EX DG HSM Lens Sample Photos and Specifications also look to me like it can't deliver great images within the first 1-1.5 stops or so, similar to your observation.
Perhaps you do have a poorer copy - maybe some other Sigma owners can help you decide this. But I believe Sigma lenses generally cost less because they cost less to make, so I would expect you to encounter something similar again. However, as I said, those who own this specific lens can probably help you more.
However, to be fair, none of the Pentax 50s (except for the K or A 50/1.2) can deliver great images faster than f/2 either (I've owned all but one of the AF models, and a few MF ones). In fact, the DA*55 is the only 50ish AF K-mount lens I know of that can perform well near wide-open in the f/1.4 to f/1.8 range.