This is a CodeWarrior question, so you could ask the question in that forum. You should also look for example code that uses those registers so you can copy working code.
Maybe you're familiar with 8-bit CPUs that have bit-set and bit-clear instructions that work on I/O pins, and are looking for an equivalent instruction in this one? The ColdFire CPU does have BSET and BCLR instructions, but that is a slow way to change an I/O pin. The Port Set and Clear registers are a faster way to set and clear pins, that's why they're there.
The next thing you should when you get this sort of error from the compiler do is to search in the provided header files for the definition of "SETTJ_SETTJ5_BITMASK" to find out what actual code the preprocessor is generation. My guess (I don't have CodeWarrior) is that it will be defined to something like "(1 << 5)" or 0x20. And because you have to write zeros to the bits in CLRTJ to clear bits (and ones to every other bit) I'd guess CLRTJ_CLRTJ5_BITMASK is defined as "~(1 << 5)" or 0xdf.
Read "15.6.3 Port Pin Data/Set Data Registers (PORTnP/SETn)" in the Reference Manual. In there it tells you to write an 8-bit value to the SETTJ port, and that bits written as "1" will set the port bits. Likewise 0's written to CLRTJ will clear a bit.
So writing "1" to it should set the bottom bit, and not all 8. I'd guess the way you're meant to use those definitions is to write:
SETTJ = SETTJ_SETTJ5_BITMASK;
CLRTJ = CLRTJ_CLRTJ5_BITMASK;
Tom