The only real advantages of DOT 5 over DOT 4 is that it has an higher boiling point and a longer change interval. I've never heard of overheated brakes being an issue on the Valkyrie, so unless you're going to race it on track day, I don't think it's worth the trouble to completely and thoroughly evacuate the DOT4 from the system. Mixing them will cause system damage.
DOT 5 is synthetic and will not absorb moisture like DOT 4. It does not harm paint and incidental mixing with DOT 4 or 3 will not cause damage, but whatever you're comfortable with, go for it.
