You can't author a DVD-V with MLP nor a DVD-A with Video.
But...
Your bandwidth requirement for stereo 96/24 PCM is 4.608 Mb/sec, and the available bandwidth for audio is 6.144 Mb/sec, so at least on paper you're good with a little headroom for the AC-3 stream and then some for the video. Running time will be short, though.
However...
With a very good authoring on DTS you can get away with a lower bitrate, multichannel, and good video.