Lots people talk trash about raid.
Raid 5 writes SUCK. I mean STINK BAD. Reads rock, but if you're writing files much you'll pay.
You've been warned.
When using Intel desktop chipset's RAID-5, you're right. That's because for writing to a RAID-5, you have to calculate the parity bit. Intel's desktop chipsets do this by sucking performance from the host processor, so writing to a RAID-5 slows your processor down. (Although any modern processor should be able to keep up with even the fastest SATA hard drive, so you won't be bottlenecking the hard drives.)
However, the Mac Pro (and the Xserve, for that matter,) use a hardware RAID card for RAID-5. (OS X doesn't make RAID-5 available with the onboard SATA controller.) Hardware RAID cards contain dedicated chips for calculating the parity bits. A 4-drive RAID-5 with a hardware RAID card can easily beat 'software' RAID 0+1, and should even come close to the same performance. (About 2.5x the read/write performance of a single drive.) In addition, the Mac Pro RAID card includes 256 MB cache, so that writes to the array are cached at full PCI Express speed, then written to the physical drives as fast as possible.