Hi Grant,
If your EC5 are the sort with the spring cage on them, you'll need to solder the cage onto the connector on the foot (not the tip!), making sure the cage can still flex, in order to maintain a good connection.
Reason I mention this is the fact these cages present quite a lot of resistance when left loose, particularly after some use.
The connector will get hot as a result, to the point where the solder will melt and the cable can disconnect itself (= dead boat), been there, done that, just a few weeks ago:
https://www.rcgroups.com/forums/showpost.php?p=38150352&postcount=207Fixing the cage with solder should be done after the cable has been soldered in to avoid the solder dripping into the cage, ruining the connector.
Work fast, while securing the cable in the connector (cool it with a damp cloth) and use a big soldering iron, so the heating up is quick and only at the cage.
For the work and trouble, I'd rather get 'proper' 5,5 mm connectors.
Regards, Jan.