If you are a BSD type who has had program pick up your grant despite a fairly critical and damning review....
Don't come back after five years with the same flaws* in your application. Programmatic pickups are not validation that your grant writing was acceptable.
Feel fortunate that you got away with one and make sure that you do better next time.
Oh and you'd better produce. Reviewers are not going to look kindly on a renewal when the prior review was harsh and you haven't knocked it out if the park scientifically.
*the number of times that I've seen this situation...... Amazing.