Originally posted by Jonathan Mac Collecting K series lenses is a slow and often expensive hobby, though I'm slowly accumulating a modest collection. They're much rarer than Taks or M series and often regarded as the optical pinnacle of old Pentax manual lenses. Their larger size makes them more comfortable for me to use. I like the K series of film cameras and I think the matching lenses look and feel better to use on them.
I think it varies a lot from market to market. Here in Sweden the K serie is more common than the Takumars and about as common as the M and A series.
I don't realy understand how you reason to make them the "optical pinnacle". The majority of the K serie lenses uses optical formulas identical to their m42 counterparts, they just changed the exterior and the mount.
I'd admit that the M serie for some focal lengths were not as good optical because they optimised for small size (in the fight with Olympus and others on whom made the most compact SLR system).
The most complete lens program, as well as the largest number of extreme high quality lenses were the A generation. Not even the fully expanded FA serie could match that. But with the A serie Pentax did for the first time cut the costs on some of the mass produced cheaper normal zoomes and other common lenses (such as the small plastic part in the aperture ring that wear out inside the A50/2 and A50/1.7, but not in the A50/1.4 and A50/1.2). Lots of people have these mass produced lenses, but much fewer have tried the A* lenses...so this has somewhat colloured peoples ideas about the A serie. But if we have to select the "optical pinnacle" in terms of a generation of Pentax lenses, it must clearly be the A generation. That doesn't mean that I don't love my K generation lenses. But if you seriously consider them the optical pinnacle, you should let the SMC Takumars share that position, since they are with few exceptions the same lenses.