Originally posted by mcgregni
I think the results would be the same, but it you want to work like that then Sv mode is the most efficient approach to it. In P mode the 'Program Line' setting may exert a small influence, taking into account the focal length.
I searched a little more the K-5 manual (page 283) and I would like to contribute that in Sv mode also it can the preselected Program Line be used if it is assigned to the green button. So I accept what Adam had said: "The results should be the same, just a different button/e-dial interface for changing the settings".