Sounds like you'll have plenty of wiggle room then.
Don't forget, RAID5 isn't built for speed. While this may not be a problem, a quote from
Barefeats (in 2005) is worth remembering:
So is RAID 5 fast enough? At first glance at the Blackmagic and DiskTester results, I was impressed. Though slower than RAID 0, I expected lower sustained transfer rates than those observed. According to the AJA Kona System Test, you should be able to playback 3 streams of 1280x720 10bit video with our five drive RAID 5 setup. HOWEVER.... those estimates are based on an AVERAGE read rate of 225MB/s. If you examine the raw data for individual video frames, the transfer rate fluctuates wildly, dropping as low as 62MB/s. Can you say, "dropped frames" boys and girls?
When we configured the same drives as RAID 0 and reran the Kona test, the average READ rate was 278MB/s (or 4 streams). And looking at the raw data, the rate for individual frames never dropped below 216MB/s (or 3 streams).
RAID 5 isn't ideal for a Photoshop Scratch Volume either, based on our test which forces Photoshop CS to rotate a 500MB file with only 250MB of memory cache. I know for a fact that Photoshop writes to the Scratch Volume using tiny transfer blocks. That means the RAID 5 set is going crazy writing parity data as well as making a copy of your rotated image.
IMHO, RAID 0 is still the preferred mode both HD Video and Photoshop Scratch. If you don't want to be bothered with backup and don't want to give up any speed, you can always double the number of drives and use RAID 0+1.