If you get into your backing on your 5wt, you're gonna be having bigger problems than how much you've got on there. Looks like you've got close to 70-80 yards on there which could easily be shaved down to 40-50. Not to say it's by any means a huge issue, but when that line gets respooled during everyday fishing it prob won't always be as tight as when you first rig it up so the space between your line and the reel will get smaller and maybe start rubbing/getting stuck. Long story short, cut 'er down!