The GN value KEH gives is the "Guide Number", in feet. It's an indicator of how powerful the flash is. With a GN of 48, at ISO 100, the AF160 should give a correct exposure at f/4 for a subject 12 feet away (4*12=48). For comparison, the modern AF540FGZ has a Guide Number (in feet) of 148.
The AF160 is small and light (only two AA batteries), and about as powerful as the popup flash on a DSLR. It only has three modes - two automatic, and one manual (full power). The AF160AS is about the same. I don't have personal experience with the AF160SA, but either of them should work fine on the ME Super. Basically, you set the camera to flash sync (1/125) mode, choose either the 'near' or 'far' auto mode on the flash, read the appropriate aperture for your ISO off the back of the flash, set that on your lens, and fire away!
For about the same price, I personally prefer the AF200T - it's a little more powerful, and has four manual power settings along with the two auto modes. It uses four AA batteries instead of two, so it's a little heavier. If also has a couple sliding tabs on the back to figure out the correct aperture instead of a printed label.
From the forum review database:
PENTAX AF 160 reviews - Pentax Camera Accessory Review Database PENTAX AF 160SA reviews - Pentax Camera Accessory Review Database PENTAX AF 200T reviews - Pentax Camera Accessory Review Database