The K4.6 is the same as the Axial Spec 1s, both made by Axial. It is supposed to be a better engine. They have a slightly different bore and stroke too, but both are .28 . What else.... the carbs are different, the K series gets a composite 9mm while the F series gets a 7.5 alum. carb. The F series has beautiful turbo scoop in the crank, K series does not.
The K series is supposed to be the better of the two. I like the F series better.