If you have a virgin new brake system with new lines, mc and calipers, DOT5 is O.K. and has quite some advantages, especially for a car that is hardly driven. If there are ANY remnants of DOT3 or DOT4 DO NOT use DOT5. The fluids do not like each other and the liquid mix will coagulate.
Also, as DOT5 does not "absorb" moisture, this moisture, which WILL BE in the system, will accumulate in the lowest points of the system and will cause corrosion there.
Special care has to be taken when filling with DOT5, DO NOT shake the bottle and pour very carefully. Agitation of the fluid will attract moisture, which will then "fall out" when the fluid settles.
Pros and Cons. For a car that is regularly moved and regularly maintained, I.e.: brake fluid changed every two years, I would recommend not to use DOT5, just because the seal issues, as Joe mentioned, may be a concern.
Also, if you are a spirited driver and like to "brake late", you will find that DOT5 produces a slightly "spongier" feel on the pedal.