I would probably go with the 5ft. I used to use a 6.5ft disc of that type with a 50hp tractor with R1 (Ag) tires and later with a 40hp tractor with R4 tires. I had plenty of power and traction with the first but was reaching limits with the second.
Have you used a small disc like that before? I ask because I found two things:
1) There wasn't much effect with one pass, because even a 900lb disc wasn't cutting into the soil much, and
2) Because of that I ended up making lots of passes, which means you'll be driving on worked-up soil and may also be compacting the soil below the 3-6" depth that the disc reaches.
The much more impressive results you see from big-farm disc setups are coming from three factors: larger diameter disc wheels, far more total implement weight, and most importantly, far more weight per disc wheel. You would need to add 1000-2000lbs of ballast to a small disc (like a 5' tandem) to reach the same weight per wheel, and you'd probably have parts fail because it's not made for that much weight.
At my new farm I went with a rototiller instead. While it doesn't go very deep either, it does a thorough job in one pass and overall is much less work, for more benefit, than the disk was.