I had '83, '84 and '85 KX-125's before moving on to KX-250's.
I realize anything is going to be subjective, especially when it comes to preferences, riding styles, etc.
That being said- I always loved my '85 KX-125 over the '84.
The '84 definitely might have had a little more low end grunt compared to the '85, but the all round spread of power was much better on the '85... at least in my opinion.
Technically, I'm not sure what actual changes and differences were made between the model years. I recall the '84 having a little more of a gap in the mid-range compared to the '85.
I think that the best way to describe it would be that they gave up just a little bit of torque from the '84 to the '85 and stuck it in the middle. This equated to a smoother and broader spread of power, and less of the harder "snap" that the '84 had when working its way from low to high.
I somehow managed to get my '85 really early- maybe like in August of 1984- which seemed pretty early in those days. I held onto my '84 throughout the year, and rode it only in a couple mud races- not only to spare my new '85 from getting ground up from the mud, but also because the '84 was more like a tractor in the mud with that low end.
Both were really great bikes, but my favorite was the '85.
In my 40+ years of riding and racing, the '85 KX-125 would make my top 3 favorite bikes that I've ever owned.