The best resource I've found for figuring out what fan to get is
mikeaurelius.wordpress.com/ventilation-primer/
Based on that resource, an open-sided 8x5 area would require a fan size of
5000 cfm = 8' x 5' x 125 which confirms your own assessment.
Your HVAC guy is recommending something way underpowered for the safety you'll need. An air exchange of 8 - 10 room air changes per hour isn't the way one needs to spec systems for torch work. With the torch running, you want smoke from a smoke test source (held nest to your torch) to exit your exhaust fan in less than 2 seconds, one second is ideal, otherwise you're at risk of breathing either the spent fumes of the torch's combustion process or fumes from your glass project.
A 5000 cfm is likely going to turn out to be a relatively large, industrial squirrel cage fan. It will likely be heavy, as well as noisy, so mounting it outside your studio on your roof is likely to be your best bet.
I've never had reason to look for a fan that big, but I've seen squirrel cage fans on the Fantech website that are over 2500 cfm. Fantech might be a place to start. Below is a link
http://www.fantech.com/
Linda