I play 5 strings exclusively these days. I have a 4 and a 6, but almost never play them.
Most of the bands I am in don't call for notes lower than E, but I still more comfortable on a good 5. When I play classic rock, I play it like a 4-string, moving up and down the neck a lot. I feel that gives a consistency to the tone that sounds good in rock music. But I also love sometimes using the over-the-top fatness of a B string on the higher frets. I'm really not tempted to use the low D/C/B when the music doesn't call for it. But it's there when I want it.
Maybe you've never played a *good* P5 through a *good* speaker cabinet. My main bass these days is my Nordy P5, and it kills as a classic P. It also happens to have a great B string and excels in more modern contexts as well. Of course, you do need to have a speaker that can reproduce those low fundamentals, since you don't have a bridge pickup. I also owned an AmStd Fender P5 and that was very nice also.
P5 pron:
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That bass is flippin' beautiful!! That has always been my favorite color combination on a "P" bass. Had to say that first.
As far as 5 string basses....I started playing in 1970 and didn't get my first 5 string until late 2010. I love it! I'll never get rid of my 4 string basses, I play them quite often but for me that low B comes in very handy.
