It is an issue if you don't want to continue with CC and want to go back to 5.7 or earlier. At least that's what I thought the OP question was.
No it's not. You have LR5 and the LR5 catalog to use. You have LR6 and LR6 catalog to use. The newer product and catalog has newer functionality that isn't backwards compatible.
This is nothing new! Either for LR or a myriad of other products, Adobe or otherwise. If you don't want to continue CC, you yourself decide to stop using the product. We beat this horse dead years ago when Photoshop CC came about.
IF you keep LR5 and the LR5 catalog and cancel LR6 CC, the old app and catalog will run just fine. If you want the new stuff to work,
don't cancel