Originally posted by bkpix
If what you want is more agile autofocus, you don't need a full-frame body. Try a 7d, a D7000 or even a 50D.
Agreed bk, all those listed run rings around Pentax in AF-C but if you actually
read what the OP posted it's not solely AF:
Originally posted by 123ben
I really fell in love with the DOF control and the larger viewfinder of a FF-body.
I added my comments as it's almost exactly what tempted me to borrow a D700 to try in the first place, The merits of any system can be debated ad nauseum but the hard fact is that a K5 owner wanting a decent boost in AF performance, DOF control and a larger viewfinder is currently going to have to look both outside the Pentax fold
and upwards of APS-C. If your primary goals are AF and DOF control, your primary shooting is action and portrait and your primary concern is cost/bang for buck, the D700 makes a compelling argument.
Ben, a couple of things to consider:
Have you tried the D700+BG? That combo is bigger than some countries! Unless it's part of a used deal perhaps see if you could live without the grip at first. Yes it can boost the FPS but frame rate isn't everything - I'd take 5 in-focus FPS from the stock D700 over 7 hit-and-miss FPS from the K5 any day. If a lot of your work is done in portrait orientation then fair enough.
The other is your lens choice. The 70-200 VRII is as good as it gets, sure, but my entire Nikon mount collection bought used cost less than this lens alone does used, at least here in the UK - Cosina 19-35, Tamron 28-75 2.8, 35/2, 50/1.8, 85/1.8, Sigma 70-200 2.8, all decent enough and all for less than the Nikkor.
If you get rid of the Pentax items you don't use (or the D700 would render obsolete, such as that K mount 70-200/2.8), compromise on lens choices a little and maybe add a bit of your own cash into the pot, there's every chance you could keep the K5 and pancakes for those high days and holidays when you want to enjoy first class IQ without paying the FF penalty.
The K5 will never stop being a great camera, only you can decide if it still fits your way of photography.