I think if you use a 2-0-2 you might have a little harder time seeing how close you are since it only goes up (and down)to 2. If you happen to initially set it at 3.5" somehow, then you don't have anything to gauge how much you need to adjust it to get down to around 1.5 or less. with the 5-0-5, I think you can learn how your equipment reacts to adjustment and in the long run, set it up a lot quicker and easier. If it was set at 4 or 5 and we only had a 2-0-2, then it might get a little frustrating if you didn't have a clue how far out you were. I guess you could do a water test to get you in the ballpark and the chances of someone that works on their regs setting the CP to 4 or 5" is probably not that great. Maybe if you really have a lot of experience and do it every day, the 2-0-2 would be an ok choice but again, I don't think there is any real advantage to it. More likely, a good use for the 2-0-2 would be if you had both it and a 5-0-5. Use the 5-0-5 to get it close and then switch to the 2-0-2 for those regs you really want to pinpoint the CP on. Again, I don't think there's anyone out there that can really tell a difference between a cp of .4 and .5" by breathing it anyway.