There are slight differences in the engines, the L5240 is a 145ci engine rated 54hp @ 2600rpm & the l5740 is a 148ci engine rated 59hp @ 2700rpm.
As you said everything else appears the same.
You are talking about a 10% difference at the PTO.
I doubt you will notice the difference or lack of 5hp cutting brush.
But having said that you can certainly turn up the fuel rate to get that 5hp or more if you really feel you need it.