Just to confirm, this does work with LG 5k monitors? The resolution there is 5120x2880, which is significantly more (the vertical resolution alone is doubled, and then some for the horizontal), but I don't know the refresh rate, so the bandwidth could still be similar maybe.
EDIT: I'm also wondering, the only switch I know to be working uses two display port cables to the monitor (which I'd have to adapt to one Thunderbolt 3 instead), while your device only uses one. That doesn't bode well...