That should™ work, but you're not going to get 5K at 60 Hz that way.
Right.
I think the Studio display can support DSC so it can work from the iPads that don't have Thunderbolt.
A Thunderbolt 2 connection is sufficient for a 5K 60Hz DSC signal (because it's sufficient for the 6K XDR).
However, the MacPro6,1 doesn't support DisplayPort 1.4 or DSC and it's GPU (or Apple GPU driver? - need a Windows or Linux check to be sure) doesn't support width > 4096 if you try a lower refresh rate for a single tile connection.
For Thunderbolt 3 Macs (or Thunderbolt 3 eGPUs like the Blackmagic eGPU or Sonnet Breakaway Puck 5500XT/5700):
With support for DSC (so not the BlackMagic eGPUs), you should be able to connect two Studio displays per Thunderbolt 3 bus.
But maybe DSC is not supported - in that case an HBR3 signal is required for non-Thunderbolt connection 5K 60Hz support which can only do millions of colors and only one of those can be connected per Thunderbolt bus for full 6K support.
We have yet to learn if the Studio Display can use HBR3 (XDR can only use HBR3 for dual tile mode - I don't recall anyone getting a HBR3 single tile mode). DSC support is currently only implied by the non-Thunderbolt iPad support. Dual HBR2 is probably a given since Mac mini 2018 is supported. Single HBR2 for 4K 60Hz probably is supported since it was supported by the LG UltraFine 5K.