Go with the sort of tower 0scar suggested and look for corner bulge/rounding. It's a lot more useful than the single-layer test pattern from the Marlin site, which I've found can be misleading.
With that said, just looking at your test print, I would go with the lowest K factor that gives acceptable-looking results, so around 0.5 or so. Overshooting is more likely to harm your print quality than undershooting, and will limit your print speed too. When I used the original bowden on my Ender 3, my calibrated K factor for PLA was 0.6, so I think this is in the range of what's expected.