Yeah, I don't think I'd go with less than RAID-6 (or full system redundancy plus 1 drive redundancy in each). Rebuilds just take too long, even with an in-chassis spare on RAID5.
Unfortunately Areca is really the only controller I've found which is well supported and does RAID6 fast.
would those be managed at that price? because it's a hell of a lot more expensive when you factor in the cost of devops to make sure it stays working and fails over properly.