Hi Dick
A 5000 gallon storage tank will keep the well pump from cycling more than once a day, but there is a trade off to everything. Now you have to pump the same water twice, which uses almost twice as much energy, uses twice as many pumps, and has twice as much expense and repair. Then you no longer get water fresh from the well, but water that has been sitting in a tank getting warm and stale for 15 days. Most people have to add chlorine on a regular basis to keep stuff from growing in the tank water. Not only does chlorine taste bad, but it is toxic. Water straight from a good well rarely needs any treatment, and is always fresh and cool.
You also just moved your cycling problem from the well pump to the booster pump. The pressure tank does not provide constant water pressure, as it is continuously changing from 40 to 60 and 60 to 40 PSI as the pump cycles and the tank fills and empties. It would also be very rare for anyone to have a pressure tank large enough to take a shower. A 44 gallon size pressure tank only holds 12 gallons of water. Even with that large a pressure tank it would probably have to fill and drain 3-4 times for the average shower. A booster pumping from a storage tank can benefit from a CSV just as much as a well pump. It will stop the cycling, deliver a constant 50 PSI to the shower (no matter how long a shower), and can do all of this with a very small pressure tank (accumulator). You don't want the booster pump to cycle itself to death, or you will have 5000 gallons of water you have to dip out with a bucket to use.
You need to put some kind of low water alarm in the storage tank, because most people don't find out their well pump has quit until it is too late and the storage tank is already empty.
Storage tanks are somewhat of a necessity with a low producing well. But a pump in a well that makes ample water could be fitted with a CSV. This way you would eliminate the well pump cycling, have constant pressure in the shower, and the well is much less likely to develop some kind of a problem that would leave you out of water.
Even with a storage tank, your water comes from the well not the storage tank or the pressure tank. If the well pump quits, your out of water. The storage may buy you a day or two, but you are effectively out of water until the well pump is repaired.
A storage tank is required in some areas for fire protection. But a generator for a good producing well would actually give you more water to fight a fire, because you would not be out after 5000 gallons. I would prefer an earth tank with a gas powered pump to fight fires. You could also use the same kind of 5000 gallon tank with a gas powered pump just to fight fires. That way it doesn't matter if the water gets slimy and green, it will still put out a fire, and you don't have to use that stale water in the house.