If you do a "proper Proof"
Set the enlarger head to the height it would be for your target full-frame print size, in your case 5x7. Mark that position so you can easily go back there.
Put an empty 35 carrier in the enlarger
Focus using the edge of the carrier
Put in your desired proof filtration, some folks like soft, some like "normal"
Set the lens to the f/stop you'd use for enlarging
Expose for your minimum time to maximum black time
Now you can make a useful proof sheet.
For example, if if the negative looks good on the contact, you can put it in the carrier and make a 5x7 enlargement that looks just like it, without changing anything, except where the negative is.
One note, The proofer glass and the sleeve (if you print in the sleeve) will add a little density, so for the enlargement you may need to back off on the time slightly. After some testing you'll always know what that factor is.
If you want to use a different paper, test and figure out what the required exposure difference is, then use that correction factor.
Doing proofs with the enlarger at some random height, without filtration, at some guessed f/stop and time is a waste of time, paper and money.