I have read some horror stories about people going from 5g to 10g AG recipes...by doubling everything...water included. It seems to end in disaster.
What will I face by going from 5g to 2.5g AG?
If a brewer doesn't understand the mechanisms involved in brewing, yeah they'll end up with some different numbers (IBU, OG, etc.), when scaling a recipe.
Since you halve the recipe, use half the ingredients, throughout. It's that simple!
This includes yeast. Now opened dry yeast cannot be stored that long, so you may as well pitch the whole pouch unless you brew 2 half batches within a week.
Now the amount of water used will not be quite half, depending on your equipment. Say the 5 gallon recipe expects 1 gallon boil-off per hour. If you halve the recipe, chances are you still boil off a gallon per hour. It may be a little less (less powerful heat source, smaller kettle, etc.), but it's unlikely you'd boil off only half a gallon per hour.
Any deadspace or heat loss in your mash tun carries forward at it's full volume and amount, regardless of amount mashed. Same for certain other equipment losses, such as wort left inside a pump, chiller, kettle, etc. So review and compare your equipment compared to the equipment typically used for 5 gallon boils.
I'd say after one brew you can have that all figured out and know what additional tweaks to make.