The Apple Studio Display is limited to HBR2 link rate. The HBR3 link rate of DP 1.4 is not supported.
https://forums.macrumors.com/thread...-external-displays-60hz.2346032/post-31262097
DSC reduces (bits per pixel) from 30 down to 12bpp (the default target bpp for DSC in macOS).
DSC at 8bpp may be possible but I haven't tried it yet.
This is why a Navi or RTX GPU or Ice Lake or Tiger Lake is recommended for the Apple Studio Display and Apple Pro Display XDR - because those GPUs support DSC.
For the Apple Studio Display, a Thunderbolt connection could work for 5K60 10bpc if the Thunderbolt supports two DisplayPort connections.
For the Apple Pro Display XDR, I don't think a Thunderbolt connection can work because the XDR requires two HBR3 connections over Thunderbolt which is a mode that Windows probably won't allow because the combined 51.84 Gbps bandwidth exceeds Thunderbolt's 40 Gbps. macOS is able to force dual HBR3 connection using extra software and this works because the two 3008x3384 60Hz signals do not require the full bandwidth of HBR3 and Thunderbolt does not transmit the DisplayPort stuffing symbols used to fill the DisplayPort link rate.