Quoting myself:
Quote: And to mention, with some Pentax DSLR models changing EV is not possible in M mode
Both the *istDS and the K200D have a dedicated button for EV setting, and both cameras offer only one wheel. For both cameras, in "M" mode the missing front wheel is simulated by pressing the EV button while using the back wheel.
So, in "M" mode, the EV button is not available for its original purpose.
BUT - while with both cameras EV settings <>0 made in other modes do survive going to "M" in between, they will still be used in "M" mode with the *istDS, but ignored by the K200D. So this is not a question of a "missing button".
However, if the OP has worked with SLRs before making the step to DSLRs, his question is not trivial.
With SLRs changing ISO and changing EV indeed are the same, as ISO settings cannot influence the sensitivity of the film itself. With DSLRs, this is very different - ISO changing modifies the sensitivity of the sensor (please don't argue whether that's true for RAW - this depends on camera model, sensor technology, and firmware).