The camera is just regular 16mm. Yes I've been thinking about converting it. Although, for now I will just project the film and telecine it myself, so unless I widen the projector's gate, I wouldn't be able to see the entire frame. Another possibility would be Ultra 16mm conversion, it is cheaper and no need to recenter the lens, the problem is that the projector would scratch the image area of the film,,, am I correct?
You mean the Zenitar-M 16mm f/2.8 ? It seems to be a nice lens, better than the Peleng, but not as wide. Do you have any footage samples ?? It would be nice to see how the Peleng performs on the K-3. I've been trying to find some videos about it on YouTube and Vimeo without any luck =(