Check you container. It's probably DOT 5.1. DOT 5 is actually difficult to find. It also needs rubber parts that are made for DOT 5. If you mix silicone and glycol based fluids, you're asking for seal trouble. Seals can swell or fail, either one with the same ultimate results - no brakes. Unless you TOTALLY cleaned out the brake system, you run the risk of old fluid being left behind.
DOT 5 was popular on the race scene when it first appeared, but was abandoned by most because of the water thing. It works good *IF* you can keep moisture out, but good luck with that.
Likewise, don't use some other kind of hydraulic fluid in your brakes either. Back when I was in A&P school, the old guy that worked in our tool room thought it would be a good idea to top of his car's master cylinder with some aircraft hydraulic fluid (MIL-H-5606 for you airplane folks). Afterall, if airplanes use it in their brakes, it must be good stuff, right? He discovered this wasn't such a bright idea when he got to the first stop sign and his brake pedal was so firm it wouldn't move. He rode a bus to school for the next few weeks while he replaced everything in his brake system but the drums & rotors.
So, no, I don't think the big red warning is overly dramatic. I don't want someone to go put DOT 5 in their bike and think it worth the emphasis.