there are lots of lens that have circular bokeh. Sometime, it appears to depend on the light sources too.
If you are specific on the M42 lens, I recommend the Vivitar 28mm f/2.5 from Kiron. Though it may not be the best in old 28mm lens, it is easy to find both in K mount and M42 mount for about $20 to $50 in price range.
The lens has 67mm filter size and it requires a good lens hood to guard against flare. These few shots are done with circular rings in the K version, I assume similar bokeh and number of blades, design, optics in the M42 older version
In general, I would recommend K lens over M42 with exceptions on finding a lens for cheaper cost or something that is unique in the M42 lens collection and not found in K mount. The Jupiter9, many Russian lens, Carl Zeiss are among the exceptions in my list. But like the Kiron and Komine lens, if I find the K mount with a reasonable price, I always opt for the K version for few obvious reasons:
- No need for M42 adapter
- Easier to sell or trade for later upgrade
- Newer lens with less wear, marks, scratches, fungus and others
- Higher retained resale value