Accepting 5V over the RJ-11 jack seems asking for trouble. Someone is going to plug it into a regular phone socket at some point, so it needs to be capable of surviving at least 60VAC. Even if a secondary pair is used, there are so many different wiring standards in use, it'll end up plugged into something live sooner or later.
Dunno about you but I don't know anyone with live RJ-11 jacks in their house anymore.
I am not normal.