official guide for dvdfab
customize is your best choice. you can select single or multiple titles and rearrange the titles to be played in the order you want. you can even select a range of chapters from each title.
so lets say you want to pull out certain segments of the movie superbad. choose the title, click on advanced title settings and you can select a range of chapters. select the target directory and click start. then when process is complete you can click finish, close dvdfab and do it again. this time select a different range of chapters.
so basically with dvdfab platinum you can select a chapter. sorry you can not choose only 5 or 10 minutes. (unless of course this is the length of the chapter you select)