Why do you want internal RAID-5 as opposed to a speedy RAID-0 system with external backup? Keep in mind that RAID-5 is not in itself a backup, you still need to have at least 2 completely separate copies of your files. The RAID-5 just protects your main or backup system from a disk failure.
Sorry for bumping up an old thread, but I was researching software RAID 5 and this caught my eye.
It doesn't matter if the array is internal or external to the computer. The need for some protection is the same, and you answered your own question in your reply.
The need or desire for RAID-5 isn't about a backup. It's about reducing the impact of a failure. If I create my disks in a speedy RAID-0, as you suggested, then a disk failure (which will eventually happen) completely puts me out of business. I have to replace the disk AND restore from the backup before I'm able to continue.
With RAID-5 (or some other variants), you don't have to go through that type of restoration process. Slap in another drive and rebuild.
I'm not against speedy RAID-0, but I prefer using that for my backup drives and keeping my operational work on RAID-5. As I mentioned before, it's immaterial whether that array is internal or external.