It saves an alarming amount of weight by opening up the top and bottom, as well as replacing out the metallic sides. The S5 is a total lightweight compared to the S3. And that means less steel being shipped round the world.
Replacing out the metalic cover with a plasticperspex one sure saves weight, but how much weight would a plastic perspex top and bottom add to the overall weight of the S5? (rhetorical question so you don't have to answer 'cause I know it is insignificant)
newbs don't want to see the machine "insides", but if you want to grow business, you have to sell to them as well. it is pure psychology/marketing.
make a cheap plastic top, then explain that top might or should be taken off during operation.
Actually, I think bitmain got this a bit wrong, but the good thing with them is that they listen to ideas (and test them out).
In the shape the S5 ships, it is NOT very well suited to home mining, but then again they had to be competitive pricewise so I think they tried to gain efficiencies with the cooling system they deployed on the S5 and by reducing weight and components, but ended up with a product that is neither well suited to home mining nor very well suited to commercial mining (the latter due to its lack of stack-ability!).
Having said that, the S5 can be made a lot quieter by replacing the stock fan with a quieter PWM one OR reducing the voltage to the stock fan with a resistor; you'll then need to add a second pull fan, and possibly have the top and bottom closed off.
Come to think about it, bitmain could engage a partner (similar to their liquid cooling one) to offer S5 to home upgrade downgrade kits (whatever that qualifies as) after testing that include a pair of quiter fans + top bottom covers (Not really worried about the covers as I can use card-board). Of-course, that depends on the longevity of the product line.