The Strike Industries R.EX Riser - Low Profile, Lightweight Riser for AR Platforms with spacer will add 0.63" of height.
No. You would need a mount with a T1/T2 footprint that directly fits to your Romeo 5. I recommend the Midwest Industries QD mount found using the following link.
https://www.opticsplanet.com/midwest-industries-aimpoint-t-1-lower-1-3-qd-mount.html?_iv_attachment-mount-type-1726386052=low-profile
No. The Strike Industries R.EX Riser will not directly mount to your Romeo 5 and act as a low mount. You need a T1/T2 style low mount that will directly fit to your Romeo 5. You can find one that I recommend using the following link.
https://www.opticsplanet.com/midwest-industries-aimpoint-t-1-lower-1-3-qd-mount.html?_iv_attachment-mount-type-1726386052=low-profile
The Strike Industries R.EX Riser was designed for an absolute co-witness with the SI Reflex Exoskeleton mount with either A2 height, or Sidewinder sights. It may not provide an exact absolute co-witness, but should be fairly close. You can always use an RMR mount at the absolute co-witness height with your 507c as well.
It will raise it about 0.63 in.
It will add 0.63 in.
It should but you would also need the REX linked below:
https://www.opticsplanet.com/strike-industries-rex-reflex-exoskeleton.html