For what it's worth, I have noticed that actual stand ups are shorter. When people settle in and sit they tend to start rambling. It is hard to convince people to actually stand though without being dictatorial. Here's a study of undergrads (so take it with a grain of salt) that shows that they are in fact shorter:
I find that the daily standup is frequently a waste of time though often (maybe 1-2 times a week) issues I hadn't known about are brought to the fore. On a small team, I figure that if someone really needs something, they will reach out to the appropriate people to get it. This reduces communication overhead unless the whole team is required to make a decision.
I can see value in doing a standup somewhere between 1-3 times a week, but 5 times a week, unless everyone needs to work closely together on time sensitive issues seems excessive. The idea of everyone doing paperwork every day to be prepared for a low value meeting kind of gives me a headache. It seems like the opposite of lithe and agile.
http://nymag.com/scienceofus/2014/05/work-smarter-for-shorte...