I prefer something "light weight" just for Soundfonts, that's what made LSP so cool. You could actually load the Soundfont from the SBLive card and have a software-only version of it, so to speak.
I think SFZ is indeed in S5, will have to check into that..
*UPDATE* I looked into SFZ. Apparently it has one monstrous drawback in that it cannot remember (nor even reflect) what Soundfonts were loaded if, for any reason, it cannot find the Soundfont file. Obviously this could create a major trainwreck down the road were you to open a project and suddenly SFZ cannot recollect what Soundfont/settings were used. In searching around I found some commentary of a potential fix (free download from Cakewalk?) but I cannot locate it, maybe the link was removed.
Sonic