It gives 1.6 mg/mL, and whether that is sensible depends on the dose you will draw from it. 8 ÷ 5 = 1.6 mg/mL in sterile water for injection. A 0.5 mg dose is then 31.3 units on a U-100 barrel and a 1 mg dose is 62.5 units. Both land high on a 0.3 mL barrel; a 0.5 mL barrel or less diluent would be tidier.
Aim for a dose volume somewhere between about 10 and 30 units on a U-100 barrel and the reading problem disappears.
Content matters. If the same 10 mg vial assays at 94 per cent content, you have 9.4 mg. In 2 mL that is 4.7 mg/mL, and a nominal 0.5 mg draw of 10 units actually delivers 0.47 mg — a six per cent shortfall that no amount of careful drawing will fix.
Write the concentration and the resulting units-per-dose on the vial label at reconstitution. The arithmetic that is obvious now will not be obvious at six in the morning three weeks from now.
U-100 means 100 units per millilitre by definition, so 1 unit is 0.01 mL and volume in millilitres times one hundred gives units. Every conversion here reduces to that.
Measure a volume you can actually measure. Round numbers, real syringes.