Note though that the 5V ‘pin’ connects immediately after the fuse in the USB circuit, so any power, of appropriate voltage, provided at that point should be able to perform the same functions as power derived though the USB connection. Indeed, in my own applications, I power this board (and the WiFi LoRa 32) with an external [5V] power source, which could be a solar panel, through the 5V pin. This power source also then charges, via the on-board charging circuitry, a battery I have connected, through the on-board JST connector, for backup purposes.
My circuit also includes Schottky diodes in my external power supply circuit (primarily because there are multiple potential sources—external power supply module and solar panel—in this external circuit) but these won’t protect a USB source if another 5V source is connected at the same time. So, as you more or less suggest, no voltage should be applied to the 5V pin when the board is connected to a USB source.