I. Four quintics?
The general quintic can be transformed in radicals to at least three one-parameter forms. For simplicity, assume this free parameter to be some generic "alpha". Hence,
$$x^5-10\alpha x^3+45\alpha^2x-\alpha^2=0\tag1$$ $$x^5-5\alpha x -\alpha = 0\tag2$$ $$x^5+5\sqrt{\alpha}\, x^2 -\sqrt{\alpha} = 0\tag3$$
which are the Brioschi, Bring-Jerrard, and Bring-Euler quintics, respectively. Naturally, these are $5T5$ with order $5!=120$. Their discriminants are,
\begin{align} d_1 &= 5^5\,(1-1728\alpha)^2\,\alpha^8\\ d_2 &= 5^5\,(1-256\alpha)\,\alpha^4\\ d_3 &= 5^5\,(1-108\alpha)\,\alpha^2 \end{align}
We can do a minor transformation to get their respective variants,
$$y^3(y^2+5y+40) = j_1\tag4$$ $$y(y-5)^4 = j_2\tag5$$ $$y^3(y-5)^2 = j_3\tag6$$
with discriminants,
\begin{align} D_1 &= 5^5\,(j_1-1728)^2\,{j_1}^2\\ D_2 &= 5^5\,(j_2-256)\,{j_2}^3\\ D_3 &= 5^5\,(j_3-108)\,{j_3}^3 \end{align}
However, it seems we are missing one quintic with discriminant $D_4$,
$$D_4 = 5^5(j_4-64)^a\,{j_4}^b\quad$$
which has level $p=6,7,8$ versions discussed in this MO post. (The octics in that post, after tedious manipulation, can be reduced to their deg-$7$ resolvents.)
II. Eta quotients and the Monster
Given Dedekind eta function $\eta(\tau)$, define the four eta quotients which in fact are the first four McKay-Thompson series 1A, 2A, 3A, 4A of the Monster,
\begin{align} \quad j_1 &=\left(\left(\frac{\eta(\tau)}{\eta(2\tau)}\right)^{8}+2^8 \left(\frac{\eta(2\tau)}{\eta(\tau)}\right)^{16}\right)^3 \\ \quad j_{2} &=\left(\left(\frac{\eta(\tau)}{\eta(2\tau)}\right)^{12}+2^6 \left(\frac{\eta(2\tau)}{\eta(\tau)}\right)^{12}\right)^2 \\ \quad j_{3} &=\left(\left(\frac{\eta(\tau)}{\eta(3\tau)}\right)^{6}+3^3 \left(\frac{\eta(3\tau)}{\eta(\tau)}\right)^{6}\right)^2 \\ \quad j_{4} &=\left(\left(\frac{\eta(\tau)}{\eta(4\tau)}\right)^{4} + 4^2 \left(\frac{\eta(4\tau)}{\eta(\tau)}\right)^{4}\right)^2 = \left(\frac{\eta^2(2\tau)}{\eta(\tau)\,\eta(4\tau)} \right)^{24} \end{align}
where $j_1$ is just the j-function. Let $\tau = \sqrt{-d}$ or $\tau =\frac12+ \sqrt{-d}$ such that the $j_i$ are radicals.
III. Question 1
Let $j_i(\tau)$ be the radicals defined as above. Then is it true that for the quintics,
$$y^3(y^2+5y+40) = j_1\tag4$$ $$y(y-5)^4 = j_2\tag5$$ $$y^3(y-5)^2 = j_3\tag6$$
the Galois group is now solvable, and the $y$ are solvable in radicals? For example, let,
$$j_2\left(\tfrac{\sqrt{-232}}4\right)=396^4$$
which appears in Ramanujan's pi formula in the title. So, then a change of variable to $z$,
$$y(y-5)^4 = 396^4$$ $$z(z^4-5) = 396$$ $$z^5-5z-396 = 0$$
which is a solvable Bring-Jerrard quintic. (In fact, it factors).
IV. Question 2
However, there is still $j_4$. To recall, for level $p=7$ (in this MO post), the one-parameter formulas are complete for all four.
Q: So does this imply the general quintic can be reduced to a fourth one-parameter form (still unknown) and analogous to the three above?
V. Sextic version?
The "missing" quintic may have a sextic version (also with order $5! = 120$) and is given by,
$$j_4 =\frac{(x + 1)^5 (x + 5)}x\tag7$$
with expected discriminant,
$$\text{Discrim}_4 = 5^5\,(j_4-64)^2\,{j_4}^4$$
So what we're looking for might be its quintic subextension. But I am uncertain how to generate the correct quintic from this sextic. Ironically, the octics were easier. (Note: The correct quintic must have order $120$ for general $j_4$ but be solvable when $j_4 = j_4(\tau)$ as defined in Section II.)