I use a polarising filter regularly, both to deepen the blue of the sky and to minimise annoying reflections, but I usually use an "old fashioned" linear polariser, for several reasons :-
1) because I already own several,
2) because they're available cheaply second hand,
3) because they (usually) give a more pronounced effect,
4) because Pentax cameras don't "need" a circular polariser!
If using two polarising filters as variable ND filter, two CPL filters can give that renowned "X" effect when approaching maximum density. This is not an issue with LPL filters, however an LPL and a CPL filter used in conjunction, with the CPL fitted to the lens first, also has no problem
As with any additional filter, there's always the risk of introducing image degradation, moreso with the four surfaces of two polarisers … a lens hood becomes extremely recommended (hence the Pentax feature of the little access port on their hoods!)