I also shot with a M120/2.8 on full frame during this May’s Single in challenge, the same month ihieramo used his M120/2.8.
I agree with ihieramo’s comments. The M120 is a pleasure to use: light, compact and a built-in hood. After fine tuning the Apply All focus adjustment on my K-1 the focus confirmation beep on the K-1 was quite reliable all month for sharp focus.
Like iheiramo I found F4 an ideal aperture. F4 clears away a slight softness that the lens has wide open while the bokeh remains nice (but with specular highlights revealing the aperture shape). It simply renders nicely and can create some lovely 3D pop with the right subject.
There is some purple fringing but more controlled than some of the other film era manual glass and generally cleans up quickly in post processing. Probably not an issue shooting on film. Longitudinal aberations are considerably better managed than the M135/2.8.
Ok but not fabulously sharp at infinity - l think Pentax prioritised short to mid-distance sharpness with the short tele lenses developed with portraiture in mind.
I really enjoyed using the M120/2.8 during the May challenge. As the June challenge draws towards a close with my use of a M series zoom, I miss using the M120.