Traditional multilane roundabouts have many branch lanes without traffic signs and channelization, which leads to a high tendency for traffic collisions. Turbo roundabouts are a new design that has the potential to reduce lane-change conflicts using canalization to force drivers to keep in specific lanes based on their intended destination. This paper evaluates the safety and efficiency performance of turbo roundabouts for the case of a five-leg roundabout called Lujiazui in Shanghai and provides design and construction guidelines when applying the turbo design. The models for the Lujiazui roundabout and the reconstructed turbo version were built in Vissim, and a comprehensive series of experiments under different traffic volumes and central island radii was performed. Afterward, the conflict statistics extracted from the trajectory files in the Surrogate Safety Assessment Model (SSAM) were analyzed using the conflict severity index (CSI) and were then integrated to calculate the modified conflict frequency (MCF) for safety performance evaluation. A comparative efficiency analysis was also conducted as a supplement. Based on the results, the relative characteristics for safety and efficiency between the turbo and original designs of the Lujiazui roundabout were analyzed. Suggestions to apply the turbo design on a five-leg roundabout are introduced.