I'e done it both ways. I binged the first 4 seasons of LoD on Netflix, and then watched the last 2 seasons week-by-week. Season 5 was definitely the weakest season so I thought initially it was because of how I was watching it, but I am enjoying this season as much as any.
Aside from maybe 1-2 scenes I like how they have if anything dialled it back a bit. I hate shows (or movies like Roger Moore James Bond) where they constantly feel like they need to out-do themselves and end up jumping the shark.
Those 1 or 2 scenes have been pretty wild though.
Spoiler
Ryan trying to murder Terry by sending a police car with himself and another officer into a lake was just incredibly stupid. And the shootout in the last episode, while exciting TV, was quickly glossed over when in reality an event like that would have been global news with a huge media circus surrounding it. And then Jimmy, for some inexplicable reason, being sent back to the prison they know has corrupt guards and being promptly murdered.
It's really exciting TV and a brilliant watch, but I'm not sure whether it's necessarily
good TV anymore. It actually reminds me of 24 a fair bit, absolutely obsessed with plot at the expense of its characters. It doesn't seem interested, for example, in telling us anything about Gail Vela as a person - she's just a cipher, an excuse for AC12 to come up against Organised Crime once again.
As I said though, it's hugely addictive and I can't wait for Sunday