I have run DOT5 in the brake system of my FHC for about 5 years without problems. The system was flushed through as the two types do not mix at all, but I did not change seals, I have had no problems or leaks.
Some will argue that because DOT5 is not hygroscopic (i.e. it will not absorb moisture) then any water that does get into your brake system will tend to "pool" at the low point in the system & be a potential cause of corrosion.
On the other hand, the fact that DOT5 will not absorb moisture also means that it will not loose its effectiveness over time unlike DOT3 or 4 (moisture absorbtion decreases the boiling point of the fluid).
So, pros & cons to both. DOT5 is normally a kind of purple/blue colour as mentioned by Reddragon. The paint test is a good way to tell what you have got in there - also another plus point to DOT5 as when your clutch master decides to leak (they all do, don't they?) you will not strip all the paint off the bulkhead!
One word of warning - only DOT5 is silicone based, you may see DOT5.1 which is NOT silicone based (I think it is some fancy racing formula).
Tony
<font size="1">1981 2L FHC Cavalry Blue
1980 3.5L V8 DHC Jaguar Regency Red - sadly sold!
TR8 FHC EFI Factory development car Inca Yellow</font id="size1">