The Mk 5 is a great first stage and will give you performance that is virtually indistingishable from a Mk 25 in terms of perceived breathing performance at the second stage. The IP is stable and the flow rate is adequate to properly support and reward high performance second stages and it supplies more than enough air for any recreational diving need.
The thin 3000 psi yokes (with small diameter yoke screws) are not really well suited to 3000 psi use. The Mk 5 can however be easily upgraded to use the current Scubapro heavy yoke, the matte finish of the new yoke will however not really match the Mk 5's shiny chrome finish.
The Mk 5 came in three major flavors each with improvements that became more or less the industry standard during it's long production life.
The early ones had a thin 2250 psi yoke, a 2 port swivel cap, 1 3/8" HP port and large holes in the ambient chamber.
The next major variant was the same with the addition of a 4 port swivel cap and a thin 3000 psi yoke.
The late model Mk V's had a thick 3300 psi yoke using a large diameter yoke screw, two 7/16" HP ports, a 5 port swivel cap and (on the SPEC versions) small holes in the ambient chamber that were designed to retain environmental silicone in the chamber for reliable cold water use.
On a Mk 5 it is nice to have the current standard 2 HP ports, the heavy yoke and the 4 or 5 port swivel cap. With regard to the ambient chamber holes, the early production large holes are easier to rinse if you are not using silicone, which is commonly the case with users now that SP has moved away from using environmental silicone.
Parts are still readily available and the soft parts on the Mk 5 are still fully supported. Some of the hard parts are available as at times SP sees enough need to make a another production run on some parts. But the hard parts are also extremely durable and seldom need replacing.
I am not sure where you are getting your Mk 5, but I have three of them currently for sale, all have heavy 3300 psi shiny chrome, two are late production with two 7/16th ports and 5 port swivel caps (one has small holes in the ambient chamber and other has the smaller 1/16" SPEC kit holes) and one early production Mk 5 with the older 4 swivel cap and single 3/8th HP port and large ambient chamber holes.