First off, are we talking about 5% wet and 90% RC from standard or from Modified? That makes a whale of a difference in what I say below.
Big H - The following all assumes STANDARD. For dam cores, there is diversity of opinion on compaction moisture. Much wetter than +2% and you may have trouble getting density of 95% or 98% (standard Proctor), just because there aren't enough air voids. In a high dam, construction pore pressure can get very high if the compression of the lower fill occurs too fast for the water to bleed out, once the air voids have been compressed. Too wet, and trafficability and rutting become problems, and the feet of the sheepsfoot may not walk out very well. Some (like my outfit) have historically used Opt or 1% wet to 2% dry, for several reasons, including construction pore pressures, it being easier to get 98% on the dry side with tamping rollers than if it's bumping up against the zero-air-voids line, the lack of water at many of our sites. (We generally do use higher %w, select material with higher PI and less gravel, and thinner lifts at contacts with structures like spillways or rock abutments. I suppose you could make an argument for using dryer material at the bottom, then Opt to 2% or so wet in the top 15 meters.) I think USACE usually uses Opt to 2 or 3 wet in their dams. Peck gave a great Hilf Lecture on this subject in Boulder ~12 years ago, but there was unfortunately no paper on it, and nobody recorded it. He pointed out benefits of both wet-side and dry-side compaction.
There is never a simple answer to these things, and I could never give you a simple answer even if there was one.