Spanner 4 and Spanner 5 installed simultaneously?

Can I have Spanner 4 and Spanner 5 installed simultaneously? I have clients that have not upgraded to 5 yet, and do not want to add to their stress of having missing plugins when receveiing a session from me.

No, 5 replaces 4. But it also replaces 4 in any session you open - the automation and presets are all compatible.