The Z6 II has a superior rear LCD monitor compared to the Z5: 2,100,000 Dot for the Z6 II v. 1,040,000 Dot for the Z5. If you review photos you've taken to check for critical focus this is very important. The Z6 II's rear LCD is probably superior in other aspects not easily ascertained by reading the specifications in the user manuals.
A BSI sensor makes better use of available light particularly in the shadows.
[Wiring structure is placed behind the photo diodes thus allowing more light to reach the photo diodes (edited to remove errors).] I see BSI technology as a very desirable thing.
Base ISO isn't only ISO you should consider unless you will always use a tripod. By increasing the ISO just a little and using the 5-way in body image stabilization you may avoid carrying a tripod for use at dawn and dusk.
I'd investigate the many differences between the Z5 and Z6 II. Remember the old saying, "You get what you pay for." Some of what you pay for you may not care about such as better video but I'm sure there are other reasons pertaining to still photography only that make the Z6 II a better choice.
Dave
The price difference between the Z5 and Z6 (not Z6 II) is small enough that I would not even consider the Z5. I'm sure you will find enough advantages to the Z6 that easily make the extra $300.00 worth spending.Here is a link with illustrations and such. I haven't read it but I glanced at it. Looked for a date...
https://www.ephotozine.com/article/digital-camera-image-sensor-technology-guide-16808