You are very lucky with your purchase. The W5500x is substantially better than the super ancient RX 580 baseline card.That looks great! Thank you.
My Mac Pro currently has an MPX W5500X installed, so this would be (essentially) the same card.
Just to clarify, will this video card work natively out of the box or will it need to be flashed?
With the MP7.1 there is no flash required any more if you stay inside Apple recommended gpu spectrum. The only item you will need is the Belkin Mac Pro cable kit to connect the power.