Welcome to the forum Jim!
This is what works for me...I transfer any non-kit concentrate based wines out of primary (bucket, no airlock) when OG has dropped by 2/3, or no later than Day 8--whichever comes first. Typically this occurs within 3-5-8 days but as you will find out variables will come into play like yeast, fruit, nutrients, temperature, starting gravity, etc. I really do not pay attention to how fast and furious the must may or may not be bubbling in the bucket, and I never count airlock bubbles per minute, but I always use and rely upon my hydrometer.
Your OG was 1.1_ _, two digits missing, always express your SG in terms of x.xxx. I would say you can go ahead and transfer to carboy and apply airlock. The protective layer of CO2 will start to dwindle soon enough.
In your example of waiting until SG was 1.005, what if that was a high gravity must that died off at 1.010? You would be waiting and waiting while your wine oxidizes. Always safer to transfer when the OG has dropped by a certain %, some use 50%, some 66%, some 75%. You do not have to be right on the nose, just in the ballpark.
Cheers, Sara