Is there anyway to correlate between PK capture sharpening and the settings in Camera Raw? I do not use Lightroom, just Camera Raw.
No...there isn't. The PKS routines were designed first by Bruce Fraser and then by Mac Holbert to do optimal sharpening based on source and edge frequency. This was based on trial and error and lots of tweaking. You can get equal or better results in ACR 6 (or the CS6 version ACR 7) but...it's not as automatic. It's user driven. I don't go into extensive sharpening in RWCR, but I did in Real World Image Sharpening (different book). But, the main goal is to make the image look "good" at 100% zoom in ACR.
The single biggest problem I see people having is not understanding the relationship between proper sharpening and selecting the correct radius setting. You want under a radius of 1 pixel for high frequency images and over 1 for low frequency images. I also see people struggle with the Detail slider...the default is 25 which is basically mostly halo suppression. 25 or lower is generally used for low frequency images while higher (40-60) for high frequency images. This will tend to hit image noise as well which is one reason I think luminance noise reduction is always needed even with low ISO images.
I also suggest to use edge masking...you want the sharpening to be mostly on the edges and not the surfaces. So, I always tend to use 10-25 for masking even high frequency images. Obviously if you are working with lower frequency images you may need more masking.
Creative sharpening and output sharpening in Photoshop would still want to be PKS or other pixel based tweaks. But personally I always use ACR/LR for capture sharpening. The key is to learn how to get over the hump.
You might want to check out the Camera to Print and Screen tutorials from LuLa...we go into a lot of discussion regarding image quality and how to optimize it...