I'm quite sure it will work with a good capture, the problem with the '86 JSC/'92 US LD are the huge differences in colors to the '93/'95 masters so a good '95 pal transfer would be much easier to splice in I guess.
Here's just a quick color adjustment I did to a capture of the Japanese Special Collection, just to give you an idea of how it may look.
GOUT
JSC
GOUT
JSC
The color correction/contrast must be much better if it's going to work of course.