I was out today for my dog walk, and took a couple comparison images....
I think these images define the DA 18-135 and DA 16-85
I used the DA 18-135 on the way up to the ridge, both on the ridge and the DA 16-85 on the way home. The DA 18-135 won the day in terms of keepers, but I also took more 18-135 images, I get tired doing the 300 foot vertical up to the ridge and have less patience taking pictures on the way home.
First, I didn't nail 85mm on the DA 18-135, I got a 78 mm image, meaning absolutely direct comparisons are impossible.
DA 16-85
DA 18-135
With T looking over my shoulder we compared the images at full resolution, something you guys won't get a chance to do.
Our impressions were we suspect the DA 16-85 is a little sharper on the edges.
We think the DA 18-135 is a little sharper in the middle.
Overall, the rendering of the DA 16-85 is slightly better, but you have to have the images side by side to notice. It's not a significant difference.
So all that's been said is still there for us. The DA 16-85, slightly better rendering and edge sharpness, the DA 18-135 more range, better centre.
That said, I missed 4 or 5 images I wanted to take (because I'm used to the DA 18-135) but didn't even attempt because of the lack of range on the DA 16-85. And that for me highlights the trade off.
It should come as no surprise that in incorporating more range into a zoom 5.3:1 for the DA 16-85 to 7.5:1 for the DA 18-135 the DA 16-85 will perform marginally better. It comes down to, do you want maximum range for a walk around or maximum IQ for prints. Which is why my DA 18-135 is preferred as a one lens solution, and my DA 16-85 is preferred as part of a two lens kit with the DA 55-300 PLM.
Really there are no bad choices here. It depends on what and how you shoot which lens will favour your style.
It's always nice when your real world assumptions are backed up by real world photo examples.
Hopefully this help evaluate, what you give up in IQ to get the extra range. I said "I'll take the extra range. I can easily understand someone else saying "I'll take the extra IQ."
Incidentally, I used the same camera and settings, I and the same (copy pasted) image processing. Optimized first for the DA 18-135, but the DA 16-85 images are slightly better with the same processing.