Can't comment on the Hybrid, but have recently done a check on my EX.
Travelling on a motorway at 70mph and coping with motorway gradients the Cruise Control will generally hold the speed to +/-1mph.
I have had the odd occasion when the system seems to go 'mad' and gives full acceleration to return to the set speed, but generally this only occurs on local hilly routes. Even then, then speed does not vary anything like the +/-5mph quoted by Perfidious. The system also copes quite well when running at 30mph, when a similar +/-1mph tolerance is maintained.
The speeds are monitored using the satnav rather than the speedometer as it is more accurate.
I accept that +/-1mph would be difficult to assess via the speedo. At a satnav speed of 70mph the speedo is reading around 72mph which is within manufacturing tolerancs.
I would suggest that +/-5mph is a bit OTT and needs looking at.