I have the FA77 and I'am very satisfyed with it. I was never satisfyed with my FA50 because you needed f/4 for it to be great while the FA77 can already be used at f/2 many time. So if you are ok with the budget spending of FA77 or DA55, I would go that route instead of DA50.
DA55, I don't know it but I feel it is big/heavy because it come with silent focussing and WR. In the end it make your gear far more visible to your subject and make candids more difficult to achieve. I choosed FA77 because of the unique 3D rendering, the very small size too. It mean I can get another lense in the bag or go lighter. That's very important for me. A great lens you'll not get with you many time is useless.
On perfect vision and AF
If you don't have perfect vision (like me) I also think you need to take care on how you'll achieve focus. If you plan to use the otical view finder and rely on phase detect auto focus you almost need a K3 to get good and reliable AF.
All Pentax bodies except K3 have big focus point and so you think the focus was on the eyes while it focussed on the nose or the elbrow.
If the dof is great like f/4 or f/5.6 with the objective to have the whole head in focus or if you do a full body portrait, there no issue.
But if you go for head shoot with focus on the eyes with maybe part of the head out of focus, then you need to use the off focus point and you need them to be small enough to catch exactly what you aimed.
Few FA77 examples
FA77, f/2, moderate reframing. Look on how at f/2 the bady is already out of focus.
FA77, f/2
FA77, f/4.5. This is more the kind of apperture you need to have most of a head shoot in focus. And if you zoom you'll see this is not even the case. Look more for f/5.6 or f/8 ! But if you want to blur the background, you'll need most of time to open more.