In addition to having Menu Item #5 set to voltage all of the time you must must select "Power" at Menu Item #7 for watts to display on firing or "Voltage" to display voltage on firing.
On the V5 display you will see the output in watts or volts on the top line of the display when you fire. This should be the same value you selected at Menu Items #2 or 3. The battery charge is indicated by battery icon on the lower line along with the puff counter. Battery voltage is provided in digits at Menu Item #4 if you selected "Voltage" at Menu Item #5.
Yep, I've been doing all that correctly.
How you getting on with unflavoured vaping btw? I'm currently vaping 100% unflavoured VG to which I added 6mg nic. It's sooooooo boring, lol, I'm itching to get back to a flavoured juice. But I've had nothing but problems and I'm just trying to find out what keeps giving me a super dry mouth, loss of flavour every week, sore tongue and an extreme bitter/soapy/metallic after taste which lingers for days and clouds the flavour. I can't tell if it's just from dryness or something in PG or flavouring coating the back of my mouth, but it's really horrible. VG certainly seems kinder to my mouth at the moment. Then I'll try unflavoured PG base with some nic. Anyway, that's for another thread really.