It is of great significance that Paul restates the Fifth Commandment for the new covenant church. While the commands in this passage are clear, there are also some conclusions related to covenant theology that “by good and necessary consequence may be deduced” (WCF 1.6).
The Bible teaches a strong continuity between the old and new covenants and between Israel and the church. While there have been some changes in covenant administration, I do not think these changes warrant the adoption of a form of dispensationalism or new covenant theology.