While I'm no expert, I can offer some anecdotal advice...
First off, the Spit I got a power increase, to make it match its Battle of Britain performance, so its top speed is now 301 mph (making it closer to the Spit5). The Spit 5 was reduced to 12 lbs of boost and had its ammo load reduced in the cannons from 240 rds to 120 rds (60 rpg due to drum fed cannon). The Spit5 was developed as a counter to the new 109F that was making its appearance over Europe. During that period in history when the FW190 first appeared, the Spit5 was vastly outclassed in speed and performance (other than turning). The Spit 9 was developed as a stopgap measure and as a better high-altitude performance plane to contend with the FW190's (and, was developed from a strengthened Mk 5 airframe). Supermarine added the newer belt-fed Hispano Mk II with 120 rpg (240 rds total) and it's top speed is ~405 mph at 27k, while a more realistic speed is ~376 mph at 15k (thanks Soda! link below to his page). The Spit 9 does not have the turn radius of the Spit5, but should be able to defeat it with energy style fighting tactics. The Spit8 and Spit16 actually share the same airframe, while the Spit8 was developed as a low-altitude fighter, the 16 incorporated the new clipped-wing design in its manufacture. The clipped wing had been experimentally used on other marks before (even a Mark 5), but was first manufactured in the 16. The 16 will show much better speed and rollrate (it reminds me a lot of a lightweight P47N), but won't have as great a sustained turn rate. In my limited flight experience with these planes so far, I have found the 16 feels a bit mushy in the bottom of loops, whereas the 8 feels like it can out-turn anything! I easily defeated a Spit5 in vertical loops with a Spit8 during my first encounter. While the Spit5 lost some power and ammo, it is anything but weak. The Spit will still be a deadly little tincan, but it will require a little more patience, planning, and effective use rather than be thrown around like it was in the MA all but two weeks ago. During "Fire Over Malta" I had the pleasure of flying the original Spit 5 (2.05 version) during the first frame, and the new Spit 5 (2.06 version) during the second frame... While I did run out of cannon ammo sooner, and have a bit tougher time catching the 109F's and C202's, they still feared a fight with a Spit5. I managed to down 2 JU88's and give a 109F and 202 some missing parts while still managing to reload with 7 rds of Hispano remaining. To me, that indicates that although the Spit5 used to be a real monster, it still retains its bite after the changes!
Soda's Aircraft Evaluation Page (needs updates for new version):
http://members.shaw.ca/soda_p/models.htm