Getting honor lv 5+ is going to feel worthless to anyone that has essence saved up.
With the recent Honor system update for the new season: https://na.leagueoflegends.com/en/featured/honor?utm_source=LeagueClient&utm_medium=OverviewTier1
Getting Honor 1-5 feels like you're building toward something, you get keys, ward skins, emotes, and at the end a skin.
However when you get to 5+ what do you get? You are going to only get keys , which you can't use outside of getting S ranks on heroes or buying chests to use them on or blue essence, which is not useful for anyone who has champions/essence banked up over the years until the yearly blue essence sales.
It would be nice if the honor orbs after lv 5 would still have chances to drop things like say, ward skins, icons, emotes, chromas, just something besides keys/blue essence.