No, not really. I think it works like it should with V5 (as well as with V4 by the way)
For me and my body position the lever is in exactly the right spot, I only have to move my thumb to reach it. I also like that it is totally reversible.
With V5 there is no more room to position the lever any further towards the handlebar. With the CC-button fully depressed by the lever there is a 1 mm gap where you can push the lever further (it can do so because PETG is flexible enough) but bringing it any closer to the handlebar would mean that the CC-button will not be completely depressed. And it needs to be completely depressed to work I have found.
I've tested some more versions but they were more cosmetic and some didn't work at all. I've tried making the lever higher so that it obscures the CC-button completely but that resulted that the lever hit the CC-button housing before it fully depressed the button. The same happened when I made a version where the lever was positioned 3 mm higher.
So basically the only thing I would consider is breaking any sharp edges that are present but that may mean the strength is different and is purely cosmetic so I'm not going to do that any time soon. In black the button is hardly noticeable and the little bolt cap aids in hiding the solver colored bolt.
1 thing to emphasize is to have it printed with 100% infill (so basically a solid model instead of a partial hollow one). Obviously the part where the bolt runs through needs to be ridged to hold the bolt securely so your brake assembly stays in place (rather important
) and also the lever part needs to be solid because it must not flex
too much otherwise the CC-button will not be depressed enough. And off course do not use a non-flexible material or a UV compromised material to print it. I used PETG which is pretty flexible but strong and does not wear out with UV. PLA is therefore NOT to be used. I imagine that ABS or Nylon or similar may work as well.
If your ordered part comes in and the lever proves to be a little too flexible you can always take a file and make the beveled? edge (is that called a beveled edge?) on the tip of the lever a little more beveled, bringing the lever a little bit more to the handlebar. It already has a little bevel of about 5 mm. The lever is 4 mm thick so you would hardly compromise the strength of the lever tip.