I don't own the K-1, but I use TAv on my K-3, K-3II and K-5 more often than not. On my Sony gear, I use "M" mode with Auto ISO, which is the same thing.
I tend to work on the basis that my shutter speed and aperture setting are choices that I want to make for creative reasons. The only way I can get exactly the shot I want is for the ISO setting to be suitable for my chosen shutter speed and aperture, so I'm often happy for the camera to work out that ISO setting automatically. If the result is too grainy, well... it simply wasn't possible for me to get the shot I wanted without using additional equipment