I bought a second-hand xperia 5 III last week. Edit: Flashed lineageos and a magisk module to use the stock camera.
The naming scheme is confusing, the first number is the price range, where 1 is the most expensive, 5 the sweet spot, 10 the “budget” model, then the second number is the generation, I < II < III < IV < V < VI.
It sounds like, as soon as you get half-comfortable, you should install Arch.
This is not a meme, your question is exactly what archlinux exists for.
Don’t use the installer, follow the good old https://wiki.archlinux.org/title/Installation_guide
Good luck, don’t take Arch too seriously.