As long as it doesn't smell like burnt toast it should be OK. Only, aging will tell if the mash picked up a flavor. There should be liquid laying on top of the mash before taking it to a boil. In the beginning I scorched decoctions. Live and learn.
A 5 minute boil really doesn't do too much except for getting the decoction hot enough to reach a rest temp in the main mash. At 10 minutes of boiling, hard starch that gets stuck in the tips of the husk will burst and enter into solution. The decoction method allows the brewer to take advantage of the excess starch in solution. That is a reason why wort produced from a decoction has higher starting gravity, than wort produced by the English method, pound for pound. Boiling a little longer than 10 minutes begins to break down protein gum. The action helps during fly sparging. It also helps in cleaning some goop up early in the process.
Melanoidin begins to form soon as Malliard reaction is noticed, by the darkening of the mash. Now here's the thing and I'll refer back to what Lizard mentioned. Lizard mentioned that the decoction is rested at various temps, converted and boiled. Here's a reason why. Melanoidin is formed when protein, sugar and amino acid hook up. Allowing beta, alpha or both to work on the starch in the decoction, creates sugars. The sugar will help in producing melanoidin when the decoction is boiled. If the brewer decides not to form melanoidin, he/she may still decide to allow the decoction to convert, using mash pH and temperature to determine the optimum range of an enzyme. Then, using that enzyme when in the optimum pH and temp band for conversion. Also, the decoction will darken during conversion.
If a high attenuating, highly fermentable beer is being brewed, a thinner mash works best. However, a thick mash preserves enzymes. Usually, it's better to dough in on the thick side. Throughout the process, hot water might need to be infused for hitting a rest temp, temp maintenance or thinning. By the end of the process over 2qt/lb might be infused.
Hitting 145F wasn't a bad thing. Actually, you lucked out. Consider it this way. It's a beta rest at a temp before starch gelatinization begins. Starch begins to jell at 149F. When you hit 154F, starch continued to gelatinize. When starch gelatinizes, enzymatic action slows down. Beta denatures quickly at 154F, leaving alpha enzyme on deck. Temperature at 145F gave beta a chance to work on starch and will help to balance the beer.