I have done about twelve firmware updates on five Pentax cameras but I always read the checklist and worry a bit when the progress bar stalls. The K-5 IIs is probably old enough so there are no more bugs to fix or features to add now. Future updates will be issued that add new lenses, not really required until you get the lens. So you only have to get it to work once!
I think the free cleaning service that comes with the extended warranty includes firmware updates. Check the fine print to be sure. That's a valid alternative. You may have paid for the extended warranty, and when I used it, I had to pay shipping ($20) but someone else takes the risk.