Classic focal length for portraiture was 85mm to 135mm, which on crop cameras translates to 55mm to 85mm. There is a huge difference between the two - more background blur, different space compression, longer required distance between subject and photographer (which can affect your flash setup). These are things to consider when thinking about focal length.
In terms of quality.. The Pentax DA* 55mm is practically made for portraits, not only because of focal length and aperture, but also how it renders skin tones. Same goes for the FA 77mm ltd (and its counterpart, DA 70mm, but the 70 has a more modern rendering). Older Pentax 85mm lenses would also work great.
Zeiss is great, but it is expensive, doesnt have AF and much automation, it might even be hard to find it in k mount. Voigtlander is a great alternative. Samyang is an even cheaper alternative, but it apparently has surprisingly great IQ (though, there are reports of stiff focus rings, things that probably will never happen with the luxury Zeiss brand)
Feel free to use the sample photo feature on this forum, which searches photos uploaded by users:
Pentax Camera & Lens Sample Photo Search Engine - PentaxForums.com
So you can see what the Pentax lenses are capable of. The main advantages of Pentax lenses is that they have AF and other automation, they come in K mount, and usually wont cost as much as Zeiss glass.
Of course, if you are just trying to burn some money, I doubt any of the lenses mentioned in this thread will disappoint you. If you are planning a specific use (like studio photography), then you need to take into account those parameters.
Last edited by Na Horuk; 10-28-2013 at 08:55 AM.