I believe, it is not ARMv5. I was trying to do the same on MAC OS and 'file' command on Mac is saying v7, but the 'file' command on Linux don't. However, I do know that v7 has some good improvements and may boost the performance of your program.
But, that is out of scope of this question and you may need to dig deeper into what you're doing and why a performance improvement is expected. All I can say is, it is compiled for v7.