Thanks once again for the quick and incredibly helpful responses.
In terms of the noise, I turned off dust removal and still heard it. Read the link posted by i_trax, and this part described exactly what I was trying to:
Originally posted by falconeye Nevertheless, with open bajonett when you power up the K-5, you first hear the scratching aperture motor followed a fraction of a second later, by a faint high pitch noise of the ultrasonic dust removal. With your ear near the mount opening.
Which apparently is not a camera malfunction, but something that just happens with the K5 and K7. *phew* So I think that's ok...
The sound is actually a lot louder on the 18-55mm DA L lens and my SMC Pentax-M 50mm f1.7 but fairly softer on my SMC-M 28mm f2.8
I'm still playing around with the exposure on manual, but my evening shots seem to be relatively successful. Hoping my day shoots will be as well, thanks to all the help from you friendly Pentax users. Honestly, this forum is the greatest.
Originally posted by i_trax with the old manual lenses ( M,K and third parties K mount) use in M mode with stop down meterring ( green button etc): Using Older Lenses on Pentax K10D, K200D, K20D | Pentax Support
Thanks i_trax for this link as well. I've read a lot of those posts already but didn't really find the answer to my question as i was stuck on the whole 'exposure compensation button' thing.
It's good to know my k5 is working as it should. It'll just take more practice shoots and playing around with it to be fully comfortable (and not so nervous) with it. It's my first big investment in anything, really. Plus I'm a born Nervous Nelly so I tend to always sweat the little things... haha.
*sigh*...
Thanks again! I'll post updates later today after my day shoots.
Funnily enough, when I took it to the shop yesterday to explain my 'problem', they offered to do an exchange for the k30 when it comes in as they were sure what I was showing them (underexposure, exposure comp in manual, etc) was a camera malfunction too...