There are a couple of support pages that mention the dual-link SST nature of the LG UltraFine 5K:
support.apple.com
Learn about the LG UltraFine 5K Display and how to use it with your Mac or iPad.
support.apple.com
There are some additional mentions of MST (which refers to old 4K displays that used two streams of a single DisplayPort connection to drive two halves of the 4K display):
support.apple.com
There are some pages that mention a bpc limit:
Learn about Pro Display XDR and how to set up and use it with your Mac.
support.apple.com
support.apple.com
support.apple.com
support.apple.com
The following page makes a distinction between 5K displays that allow 10bpc and those that allow 8bpc:
support.apple.com
The page doesn't mention SST, so there's no way to tell that 10bpc is for DisplayPort 1.2 dual-link SST and that 8bpc is for DisplayPort 1.4 single-link SST.
Of course, with DSC, you could have a DisplayPort 1.4 single-link SST 5K display supporting 10bpc or more. Actually, I think the XDR display has a timing for that.
The LG UltraFine 5K display only supports 5K using DisplayPort 1.2 dual-link SST. It can support 4K using DisplayPort 1.2 single-link SST. I don't think it can support 5K 30Hz using single-link SST.