1. Is /usr/local/lsws/lsphp5/bin/php a symlink or physical file? /usr/local/lsws/fcgi-bin/lsphp5 usually symlinks to an lsphp5-x.x copy in the same directory. The point is that /usr/local/lsws/lsphp5/bin/php is likely not touched after PHP re-compile.
2. Try 'which php' to see which php was called. The point is that if you have /usr/local/bin/php, which is in the front of /usr/bin/php in search order, 'php -v' is actually '/usr/local/bin/php -v'. In other words, it is NOT the copy you want to check.