So if you're OK with HP 72 (16d8) and STR 14 (+2) the only remaining mechanical element is how much damage its
Bites do and whether it has
Multiattack or not.
The best SRD comparison is a
Swarm of Poisonous Snakes, since it's the only Swarm with Poison. It'd also be useful to compare it to a
Poisonous Snake.
The swarm of vipers has:
Bites. Melee Weapon Attack: +6 to hit, reach 0 ft., one creature in the swarm’s space. Hit: 7 (2d6) piercing damage, or 3 (1d6) piercing damage if the swarm has half of its hit points or fewer. The target must make a DC 10 Constitution saving throw, taking 14 (4d6) poison damage on a failed save, or half as much damage on a successful one.
While an individual snake has:
Bite. Melee Weapon Attack: +5 to hit, reach 5 ft., one target. Hit: 1 piercing damage, and the target must make a DC 10 Constitution saving throw, taking 5 (2d4) poison damage on a failed save, or half as much damage on a successful one.
Note that the Poisonous Snake's bite does five times more poison damage than piercing damage (1 vs 2d4), while a swarm of them only does twice as much poison as piercing (2d6 vs 4d6).
Our Venomwing does three times as much poison as piercing damage (well, three and a half if you want to be precise).
The CR Calculator says that and DPR between 15 and 38 will give a Challenge of 5, but I'd rather keep the Offensive CR at 5, which'll require a DPR of 27 to 38, although we might as well use the standard 33-38 DPR of a Challenge 5 creature.
If we aimed for, say DPR 35 or 36 it'd be something like:
Bites. Melee Weapon Attack: +6 to hit with advantage on the attack roll, reach 0 ft., one creature in the swarm’s space. Hit: 14 (4d6) piercing damage plus 22 (4d10) poison damage, or 7 (2d6) piercing damage plus 22 (4d10) poison damage if the swarm has half of its hit points or fewer.
The Poisonous Snake Swarm does the same amount of poison damage even if the swarm has half of its hit points or fewer, so I guess the Venomwing Swarm's poison should be the same.
Alternatively, we could split the damage into two Multiattack Bites like so:
Multiattack. The venomwing swarm makes two bites attacks.
Bites (Multiattack Version). Melee Weapon Attack: +6 to hit with advantage on the attack roll, reach 0 ft., one creature in the swarm’s space. Hit: 7 (2d6) piercing damage plus 11 (2d10) poison damage, or 3 (1d6) piercing damage plus 11 (2d10) poison damage if the swarm has half of its hit points or fewer.