Have a look at these threads (there are several more):
Transiting in and out of Heathrow at T5 - but can I use a lounge in T3? - FlyerTalk Forums
T3 Access with T5 boarding pass - FlyerTalk Forums
Snap verdict: 1) yes you can access t3 lounges with a bp from t5, 2) but it creates a big mess for the reasons discussed in those threads, and is frankly not recommended given t5 lounges are fine.