This is not true. If power is limited, buy more SP20
1x SP20 1000GH/s 0.45W/GHs Can the S5 do this? No.
What you never want to ROI? Seems to me unless you have expensive power SP20 should be ran hard (1.4-1.6TH) to make up for the initial investment.
I think the beauty of the S5 is its pretty much the SAME efficiency @ 1.1 or 1.3TH. So run a S5 @ 1.3TH with 650W then compare that to 950W required to get an SP20 to say 1.4TH give or take.
The SP20 can be downclocked to be more efficient sure but I have both the S5 and SP20 and at this point I'm more impressed with the S5. Simply because I see that roughly 0.5GH/W efficiency @ 1.3TH, which maximizes my return without losing 25-30% of the hashrate just to meet some arbitrary W/GH goal (which varies greatly depending on location overhead and power costs so YMMV of course, to each their own).