This paper is the fifth of a series of papers devoted to the transformation of beam shape coefficients through rotations of coordinate systems. These coefficients are required to express electromagnetic fields of laser beams in expanded forms, for use in some generalized Lorenz-Mie theories, or in other light scattering approaches such as Extended Boundary Condition Method. Part I was devoted to the general formulation. Parts II, III, IV were devoted to special cases, namely axisymmetric beams, special values of Euler angles, and plane waves respectively. The present Part V is devoted to the study of localized approximation and localized beam models, and of their behavior under the rotation of coordinate systems.