Unlike glycol based DOT 3,4 and 5.1 fluids, DOT 5 silicone brake fluid will not absorb water from the atmosphere or act like a paint remover. Silicone has very high dry and wet boiling points. It is also more compressible and can absorb more air than a conventional brake fluid.
DOT 5 does have its applications. If you own an extremely rare car that has expensive or original paint, DOT 5 is the fluid for you because it will not eat away the paint if spilled. But, if you use DOT 5, you are almost required to bleed the brakes before you go for a spin. Why? DOT 5 is lighter than water. Any moisture will pool at the lowest point which is typically the calipers or wheel cylinders. Many classic cars have been lost after the owner decided to shake loose the cobwebs before bleeding the brakes.
If you have been using it since replacing your brake lines/hoses and calipers/wheel cylinders you should be good to go. If you've been using regular fluid you will need to replace those components as the two type of fluids don't play well together.