I'll take a simplified look at that, being at 5000 ft is above MSA in all sectors (highest being 4700) thus it doesn't matter which way one turns as long as 5000 is maintained till established on 254 outbound. However I'd agree with the shortest way version simply coz the box would do it too. MVA in this sector is 4000 ft and then 3500 on downwind, so I presume that's what ATC will do as well. In this context 5000 ft holding over TGO is more suitable for MA.
