The thing I like about 5-7 yards is that you can use cheap copy paper and sharpies.
AND immediately see the hits for people who aren’t yet able to call shots.
The direct visual feedback is more efficient for learning rather than delayed follow up of bringing the target back to look at hits.
Not as important when you’re more advanced and can call shots and retain memories of hits.
But for beginners, clearer and temporally linked feedback is more helpful.