Shift is the only function so it is limited in application. I assume you have the newer SMC Pentax 67-designated lens from 1989, rather than the Takumar?
Functionally, shift operates the same as any of Canon's 35mm TS-E lenses.
Read the review by Gofour on that page; he is a very experienced Pentax system user. Particularly note the need for exposure compensation (this also applies to the use of the aforementioned Canon TS-E 35mm tilt/shift lenses).