Do you mean the SMC-K 50/1.4? or the SMC-F 50/1.4? If it's not marked K it's normally the K series.
In my opinion, speaking very generally. Normally timeline goes from Takumar > K > A > M > F > FA.
K normally built like tank, much more solid than A as if A has more plastic. As for the lens goes, 50mm F1.4, both K and A are using the same lens design. In fact, if we aren't going to dig into too specific, almost all 50mm F1.4 are coming from the same design after Tamukar series.
Takmuar does shows a bit more sharper like I mentioned, but the coating is simply way too old. Coating affects the contrast, the color, and flare control. Keep in mind, Takumar was designed for Black n White film!
As for K vs A. Building quality K has more metal, and it's heavier. However, during the K SMC, that version of SMC when you shooting sun it would look like these
Basically the color around sun will change. This is very common, because I see that on my Pentax-K 28mm F3.5 too!
Till A series, the coating advanced a little more.. The sun doesn't change surrounding color on you. FA is another SMC upgrade as well. Although they all called SMC, but actually Pentax changing formula once a while. I am particularly liking the -A and beyond. Actually my favorite coating is Ghostless SMC (I have 4 lenses on it! They just look way more natural than anything else. Even better than DFA or new nano coating IMHO).
Besides.. Pentax likes to come out with some limited version when they achieve some achievements. -A 50/1.4 was so great, they even created -A 50/1.4 special goes along with LX2000.
but good luck finding one though.....