We did and IQ test at 5 for CTY. And did the WPPSI. We had some issues with processing speed also, though the her verbal scores were well 99.9%.
Although it was useful for CTY entry, it was useless to me in other ways. There wasn't anything I didn't already know. We were going for accelerated math and she had to do a placement test for math anyway for CTY, so she could be above grade level.
Her scores really didn't change the path I laid out for extracurriculars. And it couldn't be used in our school system. If you can use them for early K, then go for it but she is already 5 and I am not sure why she didn't already enter K.
Our tester told us that other clients she has in the area did the DYS application and didn't find much use. Some enjoyed the options when the kids got older but got nothing out of it (we are in New York City) in the early years.
So what you need for your child should depend on why you do the testing now. I was originally told she was going to get the WISC and didn't know until I got the results it was the WPPSI. If I hadn't needed a score for CTY, I wish I had waited.
Ren