The Microsoft licensing page for SCVMM is very confusing, even to people familiar with SCVMM and Hyper-V.
The short answer is no, you don't need anything else license-wise to manage VM's on up to 5 Hyper-V hosts with Workgroup Edition.
The longer answer is;
Workgroup edition can manage 5 host servers and manage unlimited OSE's on those 5 hosts. To go beyond 5 hosts you'll need to purchase another instance of Workgroup edition (will need to run parallel to your first instance) or migrate to the Enterprise edition.