OK here is more prove about compatibility of Metz 45 CT-4 and Pentax 5:
Last Friday, I received the SCA3000/M1 and SCA3702 M3 adaptors. Before connecting them to K-5 camera, my partner measured the synch trigger voltages from the 45 CT-4 :
1. With the45CT-4 flash unit connected via the PC cable, synch trigger voltage measures 24.5V.
2. Then, connecting the SCA3000 unit along with the SCA3702 M3 and measuring the voltage off the pins on the bottom of the connector which connect to the camera hot shoe, the voltage now reads 4.78V. SO, there should be NO issue with potential damage to the K-5, if it is considered safe to operate off 4.8V!
Oh, and incidentally, we also measured the synch trigger voltage off my other Metz-for-Pentax external flash, the Metz 50-AV-1 and the sync trigger voltage on that unit is 4.56V.
Now, just have to learn how to use it with the K-5 and to work out if it’s capable of TTL and P-TTL! Thanks again awaldram and Class A for your input as it made me to re-think my decision -- purchase/not to purchase Metz CT4.