5E = More power and more torque.
It makes more power based on displacement ie: more air into the engine for combustion so more out. It make more torque based on the increase in stroke which is further magnified by the FE head design.
As for revv-ability. I have seen none suffer. Its not an engine I'd keep at redline like a Honda motor, but I've seen no difference in high rpm performance between both engines. They both take the 8000rpm limit fine.
I've run the engine on both cam marks. YOU DONT WANT more overlap on a turbo engine. Keeping the exhaust/intake events as short as possible keeps the intake charge from mixing with the exhaust charge. Basic turbo-motor theory. That's why turbo cams usually have the same duration. The peculiarities of the FE head design also make this a bad thing to have carrying me to my next point.
The dyno doesn't lie, but you need comparision. When I dynoed my car stock it had 104whp and 112lb/ft. When I first swapped to the 5E I could feel the difference, but i knew something was wrong because I had a direct comparison with the 4E. On the dyno my instincts were confirmed. The 5E was making 1hp less, but had a massive extra 12lb/ft.
This was followed by a technical introduction into EGTs (exhaust gas temperature). EGTs don't only affect a/f ratio, it affects the biggest power adder, timing. My glowing red turbine housing confirmed that.
This is what I found, running a small turbo on a 5E will increase low/mid-range power, but as you get higher up in the rpms the EGTs will increase reducing whatever timing advance you would have. This gives the illusion that the car is running out of steam up top as the car limits timing to stop itself from blowing up.
A td04 is a very small turbo to run on a 5E, because the FE design means its cylinder pressures and exhaust flows are way more than its displacement hints at. Toyota and Yamaha designed it this way for NA purposes.
People here run big turbochargers on their 5Es to keep EGTs low. You can get away with as big as td06 with little change in driveability. This is due to the fixed nature of the engine's powerband due to the FE design.