A five inch trunk is pretty hefty. This will take time to grow if you are starting small and, depending on the species, could be a very, very long time. Then a chop and start the process all over again. Nowadays, I try to start with a trunk that is closer to my anticipated final girth to save the time.
Growing large trees in pots also has its limitations. The root system will need plenty of space to grow to support a large tree with lots of foliage. Also, don't underestimate how easy it is for trees to simply fall over when they are tall and living in a pot.
If you're going big and want to grow it in a pot, I would suggest up-potting into progressively larger containers. Wider than deep is always good and will also help prevent the tree from falling over. I've been doing this with a dawn redwood and the final repot was into a 24X24X12 grow box that is open on the bottom. This way it grows into the ground and will be a tad easier do eventually dig up (as I will just saw off at ground level and work the roots from there).
Speaking of, I would recommend a dawn redwood for growing large trunks. I have been able to get about 4" from a stick in just a few years. By comparison, a Japanese maple would probably take a decade longer.