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The Pix-E5 has a much smaller footprint, media is less expensive, great (better) resolution and zoom for focusing. A tendency to get a little hot to the touch and not capable of recording RAW. But no additional licenses to purchase either. The 7Q is really not the current iteration either. That would be the 7Q+, which is frankly a good deal more expensive.
I don't know the PIX at all but I can testify that the monitoring functions like Red peaking, false color, zebras and punch-in for focusing are extremely quick to turn on and off on the Odyssey, and very easy to set exactly to your preferences. I find this very very helpful while shooting . . . Anyway you slice it though its a hell of a lot of bang for the buck.