What if we abolished the 5% threshold?

In the thread on Destiny, someone asserted that Destiny should be represented in Parliament as they got enough votes for one MP (they did not make the 5% threshold).

This got me wondering about what the Parliaments would have looked like, if the 5% threshold had been abolished. Working backwards:

2005

Labour 50
National 47
NZ First 7
Greens 6
Maori 4 (3 + 1 overhang))
United Future 3
ACT 2
Progressive 1
Destiny 1

Likely Govt: Still Lab/Prog/NZF/UFNZ = 61/121

2002

Labour 49
National 25
NZ First 12
ACT 9
Greens 8
United Future 8
Progressive 2
Christian Heritage 2
Outdoor Rec 2
Alliance 2
Legalise Cannabis 1

Likely Govt would be Labour/Prog/Greens/Alliance = 61/120

1999

Labour 48
National 37
Alliance 9
ACT 9
Greens 6
NZ First 5
Christian Heritage 3
Future NZ 1
Legalise Cannabis 1
United 1

Likely Govt would be Labour/Alliance/Greens = 63/120

1996

National 42
Labour 35
Alliance 12
ACT 7
NZ First 16
Christian Coalition 5
Legalise Cannabis 2
United 1

Likely Govt would have been National/NZ First/ACT 65/120 or National/NZ First/Christian Coalition = 63/120. A Labour/NZ First/Alliance Govt of 63/120 is a possibility also as the chance of only a two party Government with National no longer exists.