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"am I correct that this is the T-5 engine for 1996"
No. There was no T-5 engine for 1996. What you have is a 1996 850 Turbo Wagon; that is a very precise nomenclature and will allow the buyer to research its specifications and list price. A similar or even identical engine appeared in the 1997 T-5, and while that is an interesting bit of trivia, it is not particularly relevant.
It would be misleading to list your car as a T-5. Whether that works toward your advantage or against is for you to decide.
You can find the models, options, and specs for various years at places like Consumer Guide or Edmunds:
-Eric
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