You might get it to work right with 5"...I think @laynes69 has his Caddy on a very tall 5" (or 5.5"?)...but there's a good chance you'll need 6" IMO. Remenber, the chimney is the engine that drives the stove...use a low HP chimney, get low HP results (most likely)I am looking at buying the heat max next year. It says in the owner's manual that it takes a 6 inch flue pipe. I have a 5 inch double lined stainless steel one in now. Can I reduce it down and still be ok? Do I need a barometric damper or run straight pipe from the stove to the chimney?
5" is only 19.625 sq inches of area, 6" is 28.26", that's a big difference percentage wise...and when you see 5" pipe next to 6", it even looks much smaller (my oil furnace uses a 5" flue)
And yes, unless you have a short chimney, or one that just drafts poorly, you will need a barometric damper.