edited after measuring my spacers :
A 5mm spacer might be just sufficient for just a slight aesthetic push out, and not really warrant going with a longer, steel bolt. But I would not track the car, or take it to its limits on spirited drives, turns , etc.. just out of an abundance of caution, without longer steel bolts . It’s unlikely it will be a problem but there is a very small chance, nonetheless.
I have spacers both front and back ( 20 mm front and 15mm back ) so my wheels are flush with the wheel well fender, but they all have steel bolt-through set up, and I have those re-torqued every 5 K miles or so, just for peace of mind, even if they may not really need it . But with any spacers you should re-torque them periodically .