PERSONAL OPINION: Either machine is a decent machine!!!
If sound is your deciding factor, the S5 has a little higher pitch than the SP20. My SP20 has a dull vibration sound from the other room. Reminds me of a washing machine noise or far off grain dryer.
By the time I played around with settings on both units, the $/gh for sound tolerance was nearly identical. The SP20 down clocked and the S5 over clocked. I know I won't be able to take the SP20 home because that dull sound resonates and will cause the wife to go postal. I'm going to try and sneak the S5 units home and see if she notices.
So after all is said and done, my choice will end up being which ever one I have enough power supplies for. I think I'm going to order more of both!
The S5 can be very managable if the fan is driven at 5V, and can still push 1.2TH at about 600W. The SP20 is about the same volume at ~10% fan speed and can drive about 1.25TH/600W in the same ambient settings. (I dont have a killawatt, but I know its not tripping my CS650M GOLD supplies (they trip at about 625W+ on 12V))