Right, you've generally answered your own question there. Arriving at 5ppm as the current recommended final dosing is actually a composite of things. The most important is indeed that 5ppm respresents a bit more than a very full stocking, allowing it to handle the rare case where a fishless cycler would actually put a lot of fish in right away (extremely rare though!) But the other thing to realize is that starting high and going down is really the only approach you can take as the other way 'round doesn't work, you can't have your bacterial population too low and then magically bring it "up." And you are never going to have an exact match of bacterial population to fish population before they've been together for some period of time!
So, not only must you start with a higher than needed bacterial population and let it naturally drop itself down to match your fish load (which of course it does as a natural consequence of matching its ammonia food level), but there's also in intangible "robustness" factor, I feel, to describe numerous observations that newly built up bacterial populations are somehow not as robust as older, longer running populations in our filters. When bacteriologists study biofilm structure and bacterial population growth and senescence, they describe many more complicated considerations than we are taking into account in our simplified generalizations used in the hobby.
In essence, I feel the recommendation we've built up is that there's a certain level of this "robustness" we seek in the new filter colonies and that there is a much greater assurance of this if we verify that 5ppm of ammonia added initially is dropping to both zero ppm ammonia and zero ppm nitrite(NO2) in 12 hours or less and that we then repeat this for a full (or at least majority of the days, say to get you to the weekend, lol) "qualifying" week. The business about having this week came about because in a certain number of cases it was found the filter would still "mini-cycle" when presented with a load of fish, despite having reached the day of 12-hour drops, so to speak.
To address one of your other questions: One ppm of ammonia is converted to 2.7ppm of nitrite(NO2) by the A-Bacs. Then, the N-Bacs convert nitrite(NO2) to nitrate(NO3) at an even higher multiplication factor, but I forget the exact figure, so maybe some member will confirm or correct me... I believe its that 1ppm of nitrite(NO2) is converted by the N-Bacs to 3.6ppm of nitrate(NO3.) This, of course, explains why the "nitrite spike" happens in the second phase of fishless cycling and why fishless cyclers get large amounts of nitrate(NO3) buildup, much more than they will get once they have a normally funtioning tank.
Your deduction of 20ppm as the water change trigger level for nitrate(NO3) is almost correct. The better way to always state it is to say that you are usually looking for "20ppm above tap water level", since there are plenty of people with nitrates in their tap water which will give them a higher starting baseline. And again, its important to understand that its the "trend" that's of significance, not the numerical figure. You want to use, as a beginner, somewhat frequent tests to establish a "feel" for your nitrate level and then be able to know later whether something has caused them to drift upward or downward. This drift direction can be used to fine-tune your water change regimen, rather than some adherence to a particular number. Its valuable to give beginners some numbers, or a "ballpark", like 20ppm or 40ppm or "under 80ppm" but understanding this paragraph is the better knowledge, rather than one of the numbers.
[--addendum-- At the risk of taking you even farther afield I will add that many guidelines and things we talk about in the beginners section are in fact (on a grander, almost philosophical scale) purposefully generalized to a sort of "freshwater tropical beginner lets-get-them-on-their-feet-walking" (

) approach. The hobby as a whole is much broader and even more "experimental" than the simple picture the beginners section paints. There are species-specific tanks that can have decidedly different maintenance regimens and there are, to give one of the quite popular examples, whole branches that are nearly diffrerent hobbies in and of themselves, like the hobby of "planted tanks." In the case of planted tanks, there are at least two major branches (I'll just generalize them to "high-tech" vs. "simple/natural" (both are usually used to create "visually natural looking aquascapes", the "simple/natural" only refers to a technique meant to acheive this) that each have a history of success on various levels.
There is considerable overlap among the hobbyists practicing bits of these different approaches to the hobby, leaving lots of opportunity for beginners to hear confusing contradictions from legitimately experienced advice offerers! It is my sincere feeling that having some specific middle-of-the-road advice to offer beginners is of great value in getting them started, and so I participate in passing on this sort of information, but its also important, I think, to periodically offer the sort of "disclaimer" I'm attempting to give here. TFF is, in my opinion, a great set of forums partly for having this sort of solid grounding for beginners but also for having lots of advanced interest forums and lots of experienced people from those who come dodging in with interesting perspectives! --end of addendum--!]
~~wordywaterdrop~~