Using \LoadClass with options is a tricky thing as none of the options are passed to packages, all are meant to be for the class. The paper option is unknown to a KOMA-sclass, as package typearea deals with the layout stuff, hence the warning.
Using documentclass option parsing down to packages is allowed, so this approach works perfectly fine. If you want to set a fixed pagesize, pass options to the package before loading the class, just as the class internally does. This queuing mechanism works well, loading the package with explicit options will fail though.
Of course there is always room for trickery. The KOMA classes know the option a5paper, a4paper and a few more, and will pass the right option to package typearea on their own.
\begin{filecontents}{\jobname.cls}
\ProvidesClass{\jobname}[2015/01/01]
\DeclareOption*{\PassOptionsToClass{\CurrentOption}{scrartcl}}
\ProcessOptions\relax
\PassOptionsToPackage{ paper=a5,pagesize }{typearea}
\LoadClass{scrartcl}
\end{filecontents}
\documentclass{\jobname}
\usepackage{blindtext}
\begin{document}
\section{Test}
\blindtext
\end{document}
You can of course delay the layout stuff to a later point, and can even change it within the document. One thing to remember, tell typearea to do some recalculations. If you can change the paper size, the 8user* can do it too.
\begin{filecontents}{\jobname.cls}
\ProvidesClass{\jobname}[2015/01/01]
\DeclareOption*{\PassOptionsToClass{\CurrentOption}{scrartcl}}
\ProcessOptions\relax
\LoadClass{scrartcl}
\KOMAoptions{paper=a3,pagesize,paper=landscape}
\recalctypearea
\end{filecontents}
\documentclass[paper=a5]{\jobname}
\usepackage{blindtext}
\begin{document}
\section{Test}
\blindtext
\end{document}
With KOMA version 3.17, the typearea option pagesize became the default. All users still running an older version (TeX Live 2014 is frozen) need to explicitely give that option. I added it to option list passed to typearea to make their life easier. Thanks to @esdd for dropping me a note.
typearea. I think there was a similar question not long ago. EDIT: http://texwelt.de/wissen/fragen/12417/unerwunschte-ubergabe-von-optionen-an-die-basisdokumentenklasse – Johannes_B May 05 '15 at 11:22