Recent advances in language models have substantially improved Natural Language Understanding (NLU). Although widely used benchmarks suggest that Large Language Models (LLMs) can effectively disambiguate, their practical applicability in real-world narrative contexts remains underexplored. SemEval-2026 Task 5 addresses this gap by introducing a task that predicts the human-perceived plausibility of a word sense within a short story. In this work, we propose an LLM-based framework for plausibility scoring of homonymous word senses in narrative texts using a structured reasoning mechanism. We examine the impact of fine-tuning low-parameter LLMs with diverse reasoning strategies, alongside dynamic few-shot prompting for large-parameter models, on accurate sense identification and plausibility estimation. Our results show that commercial large-parameter LLMs with dynamic few-shot prompting closely replicate human-like plausibility judgments. Furthermore, model ensembling slightly improves performance, better simulating the agreement patterns of five human annotators compared to single-model predictions

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