There are several "jpg vs raw" threads. It will be somewhat tedious reading through them. Let me summarize :-)
"Getting it right in camera" = an approximation. If you can adjust parameters successfully for individual shots on the fly, using the LCD, more power to you.
However, there is normally something that can be improved - minor cropping, cloning, horizon leveling, etc, so that an extra step or two in raw software is not really a time-consumer. A lot of my time is spent on chimping/file-handling/renaming.
Also, there are like 5 adjustments to 5 settings (sharpness, saturation, etc) in camera but many more such as "black" in raw software. Further and finally, you can individually tailor the settings for each image to make them the best they can be - is not that why you have a good DSLR?
I went from Pentax software v3.51 to Adobe Elements 6 years ago, and have leapfrogged updates to now being on v15. I do not tag or catalog, which is what most people like about Lightroom. I also use the free
FastStone Image Viewer, Screen Capture, Photo Resizer ... program for a lot of file handling and browsing. Not sure it is updated for the K1, but I would give it a shot.