Originally posted by dnmtsn` Matt, thanks a lot for the answer. As I understand you own the Metz 48; could you share some thoughts on what would be the difference between a "true" manual mode in wireless and EV compensation
There really isn't a comparison. If you want complete control, the only way to get it is in manual.
For me, all optical wireless is going to have limitations on distance in some conditions, so I'm going to have a set of radio triggers anyway, whether the flash is a Pentax or not. If I have the triggers, and the flash let's me turn off the auto power off feature like the Metz 48 AF-1 does, I don't have any issue with using the Metz AF-1 with the radio trigger to get manual control and wireless.
The Pentax 360FGZ doesn't let you turn off its auto power feature, so the choice with it and the Metz 48 AF-1 is between being able to use the flash in manual with optical wireless versus being able to use the flash in manual with radio triggers. I personally will go for the more flexible system of the Metz 48 AF-1 and radio triggers over the 360.
Thank you
Russell