You could absolutely book a NXT 5 match card that is really good with this roster.
I really don't think so. While the talent in the women's division is 100x better than it used to be, it's still utter garbage. They want to be on par with the men, but let's call a spade a spade, the best female talent, wouldn't be up to par with the jobbers in the men's division. It's not their fault either, due to decades of being overlooked, they simply haven't had the opportunities to do the same things as the men and thus it's not in within their abilities.
That's not even considering that outside Alexa Bliss, Nikki Cross and Ruby Riott, the women can't cut a half decent promo... I'd even argue that I'm being generous with Bliss and Riott being included. The build to that PPV will be even worse than the matches.