I have both and prefer the Libra 2. Better screen, love the buttons (I was a long time Oasis user), and love the OverDrive integration. That said, I don't side load much.
Speed-wise, yes, PW5 is noticeably faster, but for most things that you do on the device (flipping pages), it didn't matter. The only annoyingly slow thing on the Libra 2 from my perspective is changing fonts (maybe I have too many custom fonts...).
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