Originally posted by Jonathan Mac
I don't think f/3.5-5.6 can cut it for weddings, except for outdoors shots where you may find that the weather resistance is very helpful.
I haven't used the 16-86 but I tend to agree with Jonathan Mac about the aperture. I love using my 18-135 f/3.5-5.6 but indoors or in dim light I had to use high ISO to avoid motion blur with moving children. (Max aperture has already dropped to f/4.5 by 35mm, I would assume similar with the 16-85.) I got a Tamron 17-50 and the constant f/2.8 is a definite improvement indoors but I still prefer my 18-135 outside for the extra range and better focusing. I would say look at what you've shot in the past and if you're happy with what you've taken at f/3.5-5.6 or if you use flash then I think you're better off with the 16-85. If you're bothered by high ISO grain you should try a 17-50.
I later got a deal on a Sigma 17-50 so I've been able to compare directly with the Tamron. The Sigma wins for autofocus (quiet, a hair faster, and more consistent) and is slightly sharper (pixel peeping) but has some flare and exposure issues when you have bright light sources and dimly lit subjects like inside near a window (mostly correctable in post using raw files). There is a good PentaxForum review that goes into more detail about these two.