My experience is not Bugeye related but I have DOT-5 in all my British cars. I will share the following comments and recommendations.
- Change ALL the rubber in the system. All of it. That includes the hoses and any components like proportioning valves.
- Always rebuild the cylinders (master and wheel) with new rubber.
- Fit stainless braided brake hoses when you replace the rubber ones. (The pedal will be firmer).
- Flush the metal lines with isopropyl alcohol. Rinse several times and blow through with compressed air to dry the lines. Don't rush.
- When filling the reservoir, put the CLEAN blade of a screwdriver in the opening to the reservoir and rest its tip on the bottom. Slowly pour the brake fluid against the screwdriver blade/shank from a close distance. The fluid will flow down the blade and fill the reservoir without splashing or making bubbles.
- Vacuum bleed the system if you can. If that is not an option, bleed at least twice a day or so apart.
I used to buy the Cartel brand fluid when MOSS sold it. I don't think they carry Cartel anymore. The fluid in parts stores always looked different to me... cloudy and purple vs translucent purple with Cartel. The last fluid I bought from a vendor on eBay who was selling DOT-5 made for the military. It looks identical to and has been performing identical to the Cartel brand I bought for years. I like Cartel and the military fluid I bought off eBay.
You will get lots of people sharing their experience with DOT-5. Before those posts start let me caution you that most reported "failures" of DOT-5 have come about from people not replacing all the rubber in the system and/or not flushing the system. DOT-5 is compatible with all rubber compounds (EXCEPT Silicone) when the seals have not previously been exposed to DOT-3 or DOT-4. Again, there is no material incompatibility issue. That said, a lot of aftermarket brake parts I have purchased were not assembled with the famous red rubber grease but by having their seals dipped in brake fluid prior to cylinder assembly. Check what you buy. If the cylinders appear to be assembled with brake fluid as a lubricant, replace the seals even if they are new.
The other negative you will hear is that condensed moisture pools in DOT-5 systems. It probably could. However, putting in DOT-5 does NOT mean never replacing the fluid or keeping an eye on your braking system. Flush the fluid every few years just like you would with DOT-3/4 and you will not have issues.