I've got both (and the 20-40 which Tom mentioned). I've had the 18-135 for years (see
my review); only got the 16-85 this year and am still getting to know it. Each is a good lens.
Pros for the 18-135:
- Cheaper
- 50mm longer reach. For a one-lens carry this is a significant advantage.
- Slightly lighter weight (405g v 488g - not enough to be a big factor IMO)
- More compact. (Fits into a small bag I have, together with the 55-300 mounted on the camera, which the 16-85 doesn't)
- 62mm filters rather than 72mm
- Occasional 3D effect which I am yet to see on the 16-85.
Pros for the 16-85:
- Extra width is really useful
- HD coatings - less flare/ghosting, less purple fringing
- super protect coating against fingerprints etc
- Better bokeh and smoother transitions (more like the 55-300 PLM) [the 18-135 is OK, but can produce ugly nisen bokeh]
- Sharper edges and corners, especially at the long end
Common strengths:
- Both WR
- Both fast and quiet AF
- similar handy MFD and magnification
- Both very good to excellent centre sharpness
- Each produces vivid images with good colour and contrast
Common weakness:
- Similar slow maximum apertures
- Both weak wide open at the wide end (not a setting I use often anyway)
For landscapes, the 16-85 is a better choice (although the 18-135 is pretty good stopped down). For pets, insects, etc, the 18-135 is better because of the extra reach; also the centre-sharp, corner-soft combination can often make subjects stand out.
Neither has that extra touch of magic that the DA 20-40 Limited can offer.