Ben, whatever works best for you is what you should do. Just don't overthink it. Keep it simple.
I experimented with the in camera timelapse at Joshua Tree as I finished up, shooting 20 mins which resulted in 5 sec clips as I had mentioned. And on both my D810 and D850 it was able to very nicely capture the stars at night. It's something I will test more.
To do stills though at night is not hard, because you are only taking 1 photo everyone 20 to 30 secs. Doing stills also allows flexibility in that if there is unwanted light pollution like in my case I had cars doing u-turns twice while I was shooting and their headlights totally washed out the Joshua Trees. so for 6 frames I had to mask back in the ground layer. If it was an in camera timelapse I couldn't do that. But for you, if you are shooting out somewhere that's not an issue, in camera timelapse on the R5 could be the way to go.
For my beach timelapses, I did in camera timelapse because it was during the day and I wanted to catch the waves and also any people walking on the beach in front of me.
So to me, there is a case to be made for both methods. They are both tools in our tool pouch that we can choose which works best.
Also as a note, I have found with doing stills and shooting Raw (as normal) and then converting them to jpg can be an issue if the sky is totally blue. I am getting horrible banding. I have found Movavi does read tif files, so I am going to try that next. But for my star photos, I converted them all to jpg and pulled them into Movavi. The stars break up the sky enough that there is no banding.