I was gonna have a pal of mine (whose shop has the right tools, I wouldn't want to do it free-hand) cut/turn a Flex 3401 pad down for use with 4" pads. I decided not to do it because some of the plate that I'd be cutting away is where it's visibly thicker/reinforced. Seemed like I'd weaken it a lot, perhaps enough that it could lead to a serious "uh-oh!".
I do think you should be able to cut it down a *bit* as in that linked thread. Just eyeball the plate and you should be able to see what seems OK to cut away and what doesn't. We gave it a fair amount of consideration before deciding to just skip it.
Taking it down to 5" should work OK if you do it cleanly (i.e., with a lathe, at the right speed with the right cutter).