There is no such thing as "RAID 5" with Storage Spaces, it's just "Storage Spaces with Parity"
You will have to set up your appropriate columns and block size using Powershell. I don't have any links handy but start searching up Storage Spaces Columns Powershell.
I made several attempts and never got it working well. It's honestly best left to Enterprise setups who know wtf they're doing. That, and I'm not too bright either, so maybe that's a problem too. LOL.