Couldn't agree more with my good friend signals.
BD9 yields very good results, while BD5 is a bit extreme for my taste.
There are subjective factors (my eyes and ears are 63 years old...lol) as well as many hardware related factors.
For eg., viewing on a 61" HD Pioneer is very different from viewing on a 32" HD Samsung...just as a slow drama is different from an action-packed flick.
I tend to use an mkv.h264.audiocopy profile for many BD's.
For action flicks I keep the bitrate up toward 15,000 kbps.
An example, I converted True Grit (Jeff Bridges flick) from an original ~27 GB (main movie) to about 11-12 GB.
I cannot tell the difference.
While it's not the reduction you're talking, it yields amazing results.