In dispersive wave systems with dispersion relations such that the phase sp
eed attains an extremum at a finite wavenumber, a rich variety of solitary
waves that feature decaying oscillatory tails is known to arise. Here we us
e the fifth-order Korteweg-de Vries (KdV) equation, a model for small-ampli
tude gravity-capillary waves on water of finite depth when the Bond number
is close to 1/3, to examine the stability of the two symmetric solitary-wav
e solution branches that bifurcate at the minimum phase speed. In the vicin
ity of the bifurcation point, these solitary waves take the form of modulat
ed wave packets with envelopes that can be approximated by the same soliton
solution of the nonlinear Schrodinger (NLS) equation, suggesting that both
branches would be stable in the small-amplitude limit. It is shown, howeve
r, that the branch of the so-called elevation waves is unstable while the b
ranch of depression waves is stable, consistent with numerical results. The
coupling between the carrier oscillations and their envelope, an effect be
yond all orders of the expansion underlying the NLS equation, is essential
to this behaviour: the dimensionless growth rates of the instability modes
found for elevation waves are exponentially small with respect to the solit
ary-wave steepness. The asymptotic procedure followed here would be useful
in discussing the stability of solitary waves with decaying oscillatory tai
ls in other settings as well, and details are worked out for a nonlinear be
am equation and a modified fifth-order KdV equation.