Just personally, I'd take the 'ray 5. Unlike some, I actually prefer the pickguard - but that's not why. If you have a good 5 in your arsenal, new things open up - and not just below the E. I find using the low string upwards of the 5th fret makes certain riffs easier to play. The 'ray is also good VFM. Good point made about having a decent amp, though.
5-string club #568