Thanks Skinny, interesting to hear your take on it - and super useful point on using vertical resolution to reduce the necessary crop in post.
To answer the question: the 5% was an arbitrary number that was 'enough' really, rather than how much I'd want to zoom. To explain: the idea came from the question "suppose we regard the standard 1080p preview as the only 'usable' monitoring experience for a particular use case. Then, what extra features, however small, can be squeezed out". I have a series of films that are all handheld, incognito and require good on camera monitoring. And so I wondered about whether it was possible to have the standard preview while still filming higher resolutions outside of the preview.
Regarding stabilization, it was really all just about eliminating the need for zoom. If using a translation-based stabilizer in post - as I often do - then the zoom is the only aspect that 'reduces' the resolution below 1080p. Perhaps it's a really negligible point - it probably is - but I was curious nonetheless, as I always work in post with the zoom disabled and watch the 'dance' of the black bars. The other practical point is that I monitor from the LCD screen when using 1080p (it's always to film agile moments) and so framing with stabilization in mind means a smaller image. Which again, is okay, but I wondered.
Finally, there's something about 1080p which feels like a lower zoom bound these days. For context, I have a RED Komodo, two 5Ds with ML and a couple of DJI gimbals. It's probably just psychological, I admit, but there's something about knowing these 5Ds have the capacity to do 3.5K but having to zoom to less than 1080p for handheld stabilization that would be fun to get around. Yes I can stick the 5D on a gimbal, but it changes the experience in a variety of ways, not least the incognito way of filming you lose.
In retrospect, if this were easy to do then I guess someone here would have already set up a super 16 preview while filming 3.3K or similar. Still... just a thought!