A: Yes. God of War 3 Remastered works excellently on 5.05, but you must find the specific "Backported" version if you are downloading a newer dump, or simply use the original scene release compatible with 5.05.
(CE-36244-9) Error when installing large pkg files : r/ps4homebrew God Of War 3 Remastered Ps4 Pkg Fix
: Users have reported that textures are often bugged (e.g., completely broken after the first boss) unless specific "readback" options are enabled. Recommended Settings : A: Yes