I've got a Hongmi and an N5. I actually think that I prefer the the Hongmi just a tad more because it's got built-in app permissioning. Certainly the battery life blows the N5 away even though they both run 2000mAh batteries.
The N5 is faster and has a more accurate keyboard.
I personally don't have the 'hiding apps' problem because I don't install very many to start with. I could see it being irritating if you install lots of apps though as you have to tuck less frequently used apps into folders.