No, and Yes.
The software is designed to work on LCD, and traditional DMD screens are not supported on plug and play basis. It will NOT work without customisation via plugins (this is something FarSight cannot support).
However, there are a number of plugins/work around and one of the best forums to check is below;
www.pinballarcadefans.com/content.php/538-Cabinet-Mode-for-TPA-via-Arcooda-Software
Thanks to Freezy’s DMD Extensions – https://github.com/freezy/dmd-extensions