On my minis I dont have a rachet as the delay in easing the sheet can be enough to capsize you, but on the 5 you'd be stuffed trying to race without a good rachet. try to get as big a diameter as you can afford. and just buy roller bearings, they are better and easier. dont forget that they will probably outlive the yacht

. Im still using a ronstan roller block that I bought in 1985
my 5 is rather stable ,and Ive had a go at using a cam cleat as well , but havent yet managed to get the angles right. Im currently using an inline system with 40mm diam. bearing sheaves and 12mm rope , and a 60mm Harken(US) rachet . being inline and 6:1 it can be a brute to handle . 2 tripleblocks and a rachet would be a more efficient and easier to handle system