Good News. I think I found the source of the 950 XL 5GHz WiFi issue for me, not sure for others or other WiFi problems.
I forwarded all calls to my home phone then disabled the cellular data and SIM toggles to make sure the phone was only using WiFi data. I found that when the SIM toggle is switched off, the 5GHz WiFi band also disappeared, but the 2.4 GHz band remained visible. This wasn't so apparent because I received a replacement 950, set it up and the 5GHz band stayed visible for 24 hours before it stopped working. However, when it disappeared, I started moving the SIM toggles back to the ON position and noticed the 5GHz WiFi signal reappeared after 30 seconds. I have not noticed any issues with Bluetooth.
I have the dual sim, unlocked 950 XL and have had this particular WiFi problem from the stock firmware all the way to the most recent Fast Ring Insiders' build release. Somehow the SIM activation toggle also disables the ability to detect and receive the 5GHz WiFi band. In conclusion, it's not the router as I'm now more convinced of a firmware bug.