You may install MC5, MC7 then SHS (and or CbB). But keep this in mind
MC5 is 32bit only
MC7 and SHS are both 32bit and 64bit. By default, the Command Center installs the version appropriate for the OS.
Any DX plug-ins installed by 32bit MC5 and MC7 will work not work in 64bit MC7 and CbB.
On a 64bit OS, 32bit Cakewalk DAWs install "Program Files (86)" folders. 64bit DAWs install in "Program Files." When running a 64bit DAW depending on install order, it may be necessary to add the 32bit plug-in paths to 64bit DAWs in order for them to pick up 32bit VST plug-ins. 64bit DAWs can bridge 32bit VST plug-ins but not 32bit DX plug-ins.
"Piano Hall" is a track template. The "Piano Hall" template uses a 32bit VST synth called Cakewalk Sound Center. This synth must be installed using the manufacturer supplied installer. Simply copying this synth from another install is not enough. The synth relies on registry entries made during the install process.
It might be easier to
start clean then install MC5 (if you want a 32bit DAW) then install MC7 using Cakewalk Command Center then install
Cakewalk by BandLab (using BandLab Assistant) if you want a more capable DAW. To get CbB requires a
BandLab Account. This account should be setup using the same email address as your Cakewalk account.
Be aware step 8 in the clean install instructions will delete everything in the default VSTPlugins folders. Consider making a copy of these folders if there are VST plug-ins installed that did not come with MC5, MC7 or SHS.