You don't understand dispersion if you're not talking mean radius and standard deviations of radii at a minimum.
Everything less than 20 shots is (this is not sarcasm) nearly a waste of your time if you're looking to quantify dispersion. You can get a "feel" for things at 10-15 rounds but 20 is where things start getting quantifiable, and 30-35 is where things start getting definitive.
The problem with the OP is that while the average 5-shot group may be 1.28x larger than the average 3 shot group, that doesn't mean that each individual 3 shot group will be 1.28x larger at 5 shots. Not even fucking close. Variability from group-to-group at 3 or 5 shots is significantly larger than the "1.28" multiplier.
If you look at the distribution of shots of a large sample size set in terms of radius from a MPOI, it looks pretty "Normal", but with one tail truncated. This pushes the mean/average radius away from the peak of the curve, and the SD of the radii then drives the width of the truncated bell.
Mean radius is dramatically better than "group size" (each shot in the group has weight vs. just the 'worst' 2), but mean radius alone is a very weak metric next to mean radius + radial SD. Those two together give you a probability distribution that can effectively be used to determine hit probability (in conjunction with decent ballistic software and assumptions) very precisely.
The truth doesn't give a fuck about how good you convince yourself your rifle shoots. Think I'm full of shit? Shoot a 20-shot or especially 30-shot group some time and let me know if it's better than .65-.8 MOA. (This is pointed at you, Mr. .2-.3 MOA all day long)...
ETA: Some of you... SOME of you will get .45-.6. We won't hear from the rest.