Correctamundo, it is a 5" tip. I have it clamped on so that if I decide to get super crazy off road I can pull the tip and the exhaust doesn't drop lower than the body. The routing wouldn't be possible without the shackle flip and even then I have 1/2" clearance at many points in the last 3 feet of exhaust.
You can see the exit (and dirty 5" tip) in these pics from page 3. It seems like it sticks out the side in the second pictures but that's just the perspective as it is tucked in closer than the bumper end.