The time available, 5 hours, is enough for visiting just 3 parts: the Grand Warehouse, the Valley of Witches and the Mononoke Valley. This standard ticket does not allow you to enter certain parts of the Mononoke Valley. Travelling using the cat bus allows you to take a photo with it.
It may not be worthwhile to wait for one hour to take the photo with Kaonashi (Spirited Away No Face). If you are lining up for the Warehouse before 10am, I suggest that you immediately line up for the photo at part no. 5 first.