Your answer is going to be about the motor. The drive is fine with your arrangement and the control at 5 hz can be done well also.
You say you have an "inverter duty" motor. That pretty much means that somewhere in the motor data sheet there will be a statement about the lowest speed capability at full torque loading. That will be the piece of data you need for your answer unless you are loading the motor at less than full torque at 5 hz. In that case you can go slower than the spec.
With an inverter duty motor, there is a good chance that the motor has thermal switches inside. Look for P1/P2 leads in the junction box. If the motor has them, connect them to an external fault loop on the drive and turn off the drive's overload calculator. You will get more output from your motor measuring the heat with the thermal switches than by estimating heat with the drive software while getting better protection, as well.
Just to clarify, operation at 5hz is a 10/1 turndown ratio for a 50hz motor and a 12/1 turndown for a 60hz motor.