I installed a 5" MBRP TBE on my 03 when I was running an SPS62 turbo, the increased noise was significant, but did not bother me. It certainly did not drop my egt's by any measurable amount, but I had already installed a 4" downpipe and cast elbow when I replaced the turbo.
I'm not disputing the person claiming that drop, hard to tell what he had previously, and there could be too many variances that would contribute to lower exhaust temps on his application. I would not guess a 5" exhaust would have that kind of drop, unless maybe you are running massive horsepower.