Going for a slower speed has more to do with consistency and saving the developer from oxidizing too fast. The slower speed will also save the motor. (A higher speed will put more strain to the motor because of the rather high intertia with the large Expert drums.) As I do most of my processing in Pyro and Pyrocat developers, oxidizing is an issue for me.
Now, developing times will change if you go slower/faster, but not that much. I.e. you cannot solve the problem you have (i.e. "5 minutes") by just setting the speed a bit slower. The main thing is to be consistent with the speed setting.
Anyhow, the consensus in many threads here and on lfphoto.info is to use the slowest speed possible.
You are correct about not going below 5 minutes, but if you have to you have to. Now, are you processing at 20 deg C (isn't that 68deg F ?), else you can go down to that temperature and get longer times. (If that is possible in your darkroom. I know that many areas in the US have problems with water being warmer than 75 deg in the summertime.)
Also, are you using a prewet before developing the film? First, using a prewet will add some 20sec to the developing time (as compared to not using a prewet). Second, if you still have to go for a shorter time than 5 minutes, a prewetted film will develop more consistent. Last, Jobo recommends to always use a 5 minute prewet with most processes (except E6 and C41).
To answer your last question, as I'm using the 2500 series drums for rollfilm, I know that I can yank the speed up a little bit. I normally use the F setting for rollfilm. (But I turn the speed up a bit when I wash the film.)
//Björn