Bandwidth is bandwidth, switching from one technology to a different one doesn't just change bandwidth. I'm also not sure why you mention 5mb residential and then refer to 1mb. Do you have 5mb or 1mb? Please give us the companies that you are considering and what company you currently have and what location you're in, then maybe someone with experience can chime in.
Here are some other things to consider
1) Make sure you understand the difference between kb/s and kB/s or Mb/s and MB/s. Lowercase b is bits. Capital B is bytes. There are 8 bits in a byte. So a 1Mb/s connection is the same as a 125kB/s connection. Most ISP's will advertise their speed in bits, most file downloads are reported in bytes.
2) Different technologies may have different latencies. If you image the internet like a highway, the bandwidth is the amount of cars that traverse a given section per second, however the latency is the amount of time it takes for a single car to get from point A to point B on the highway and back again. For most ISP's, this probably won't have a big impact. However, if you have some extremely time sensitive application (for example, if you're a hardcore twitch based gamer) you may want to research general latencies for different providers. ATT ADSL and comcast cable typically have 10ms-20ms latencies to their nearest servers. ATT Uverse typically has 30-60ms.
For web browsing, streaming video, downloading files, etc, this has very little effect unless you get some ISP with higher then 100ms general latencies. Generally this speed is not advertized by ISP's, so if this is important to you then you will have to do some digging.
3)ISP's don't advertise the speed you guaranteed for residential internet, they're just a ballpark. With ATT dsl i was on their 3Mb/s plan, but I usually got about 2.4Mb/s. With comcast I'm on their 6Mb/s plan, but i get anywhere between 6Mb/s upto 10Mb/s.
4) ISP's will provide both a download and an upload speed. THe download is the bandwidth that packets have to get to your house from the internet, the upload is the bandwidth that packets have to leave your house to get to the internet. For most people upload isn't as important as download, because they usually aren't hosting files or websites, however it is something to consider depending on your applications. Typically these two different seeds are separated by a slash, like download/upload = 6Mbps/1Mbps, sometimes it's not advertised