Thanks Sliver-Surfer - I am looking forward to your experience with the 17mm! I love wide. I was already considering a Canon (sorry) FD17mm, just to be able to experiment.
@fuent104 - IMO it is a myth that the older Pentax lenses would struggle on full frame sensors. They are just fine and I'd say overall better on full frame then APS-C.
Regarding the M20, well....... the scenes hide the distortion. The M20 has a pronounced mustache-style distortion pattern.
So technically it is not a great lens. However, it is also an old design and very compact. Equivalent lenses from other manufacturers are not that much better.
Tom from PTLens created a lens profile for the M20mm on full frame based on this picture, which is convenient for others, in particular when Pentax releases a FF camera :-)
So with a few mouse clicks the problem is gone :-)