You are not limited to 1920 x 1080 HiDPI even if you decide to go with 4K 60Hz instead of 5K 39Hz. You can choose 2560x2880 HiDPI which is 5120x2880. If the output resolution is 4K then the GPU will scale 5120x2880 down to 4K and the display will scale that up to 5120x2880.Thanks, I will not get 5k dot per dot but it will be 4K upscale to 5K (I understand).
LG 5K 27MD5KL requires two tiles of 2560 x 2880 to do full 5K. Since USB-C to DP bidirectional cable does not have enough bandwidth, I should not be able to get 2560 x 2880 HiDPI (Pixel Doubling) with the USB-C bidirectional cable to DP directional.
Max resolution should be 1920 x 1080 HiDPI with the 6800XT / 6900XT with the USB-C bidirectional cable to DP directional unless I`m mistaken.
Choosing 1920x1080 HiDPI isn't going to be much of an improvement over 2560x2880 HiDPI since it will need to be scaled from 4K up to 5K anyway.
Basically, the GPU should be able to do up to 16K x 16K (I've tried this with a W5700) and scale that to whatever the output resolution is.