I use it on the K1. It makes for a heavy kit.
What do I think? The focus is good, better than the K3 slightly. I have trouble hand holding the thing, so use a tripod almost always. I got the K1 last fall and have only started shooting in earnest the last few weeks and am still finding what works and what doesn't.
I switch between full frame and crop mode often, gaining a faster frame rate when desired.
I have used quite often the electronic shutter. I find that I can get shots at a distance that are remarkably good. I crop and get good results. I found with the K3 that iso1200 was about the maximum I would go on a cropped shot, I go to 3000 on the K1.
The grip helps balance the thing.
Here are some samples. Many of these are in suboptimal conditions. I like the combination.