It's best not to port to other races chips when it's being attacked. It ports you inside of the chip itself, so if an enemy race are FFing it, you'll pretty much die when you get there lol.
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x2 is a "safe" setting. It is still fast, but not the fastest. It is good if you're in a PB party and want more loot than others, without getting caught.
x5 is just a name, it's not the actual speed. The hack can loot approx 50 items every 2-3 seconds, it depends on if you have any lag or not, but even with lag you'll loot any drops in about 6 seconds lol.