5052 is a much softer grade of aluminum, it is also very corrosion resistant. If you are applying it over a plywood wall you should be OK with using it, however, if you are going to use it without a backing material and just over wall framing studs then I would not use it because 5052 will not take an impact and bounce back. It will dent MUCH easier than 6061 (T6).
6061-T6 is an aircraft grade aluminum (2024 T3 is the most common aircraft grade) and it is also very corrosion resistant. It is a structural grade aluminum and has a much higher yield strength (35,000 psi) compared to 5052. The surface of 6061 is harder and therefore will hold a polish a little better than 5052. 6061 T6 can be coiled and shipped because it will bounce back flat, 5052 cannot be coiled and it return to the flat position naturally. Therefore, you can order coils of 6061 T6 and have it shipped UPS, you cannot do that with 5052. Check your prices against this and see if you are getting a good price.
http://www.aircraftspruce.com/catalog/m ... 6061t6.phpI have used both grades extensively, I generally use 5052 when I need to form it into complex shapes and 6061 when I need flat parts or parts with simple bends. 6061 will bend well in a brake, but attention needs to be made with the radius not being too sharp or it could crack. 5052 can be bent without much regard to radius. Both are great materials, it just depends on what your needs are.
Scott