Given that the iPhone (currently) works with a single core, I would suggest that 5 is around the right number.
But the only way to be sure that it will be a tool and find out what the usage looks like (CPU, Memory and Network). Using a network that you could get based on the data transferred - but it's hard to know what rescaling is. I'm not sure if you can get CPU / memory statistics from iPhone.
If you do large translations, then more connections will probably not help. If you perform a large number of small transfers, then more connections will help you get around back and forth in setting up and disconnecting.
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