I think this inconsistancy might have to do with the PZ-1p's metering
compatibility with A lenses.  I think it just affects Matrix metering so
turn it off and see what you get.  

BTW, comparing my Sears F1.7 (same as Ricoh), and Pentax A F1.4 and M F2,
the Sears is about 1/2 stop slower on both the ZX-M and a Ricoh body.  The
ME doesn't show half stops so I can't tell if it's present there.  I have
thought this is either because the Ricoh engineers were a tad optomistic,
or maybe just more light gets through because of the SMC on the Pentax glass.

Todd

>
>One interesting by product of this test was the observation of metering 
>differences between the Rikenon and the SMC-A. Basically, the Pentax lens 
>seemed to be a little less than a half stop faster, in terms of shutter 
>speed, at equivalent aperture settings.  So, with both set to f8 the 
>Rikenon might meter at 1/90 while the SMC-A metered at 1/125.  This 
>prompted me to compare all of my lenses that cover the 50mm range. To my 
>surprise, my three Ricoh 50mm's (1.2, 1.4, and 1.7) showed this speed 
>discrepancy on Pentax bodies.  However, on a Ricoh body they metered 
>identically to the Pentax 50mm's.  This suggests a slight (repeat: slight) 
>incompatibility between Ricoh lenses and Pentax bodies. It's hard to tell 
>how far off they are - certainly no more than a half stop.  But, the net 
>result is that wide open, the SMC-A 50mm f1.4 and Rikenon 55mm f1.2 metered 
>identically in most situations --  undermining the advantage of the 
>'faster' Rikenon 55mm f1.2!
>

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