Maybe you can create a few different models (using File->Save As and change the name) with different values of K1 so that you envelope it. That way you can determine how critical selecting the correct value of K1 is on your results throughout the model. If it becomes important you will have to contact the manufacturer and hope they can give you some guidance.
If you modeled this as a zero-length expansion joint then use a small value for bending stiffness. Then input a Z2 restraint with K1 set to some large value and K2 set very small (it must be greater or equal to 1.0), with Fy being your break-away torque (ft-lb, not lb). Then input the angular restraint (Rx, Ry, or Rz as appropriate) with a gap equal to that allowed by the coupling.
_________________________
Loren Brown
Director of Technical Support
CADWorx & Analysis Solutions
Intergraph Process, Power, & Marine
12777 Jones Road, Ste. 480, Houston, TX 77070 USA