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Some would say yes; some would say no. I can't answer that for you. You can install it alongside MP1/TVE 3 and try for yourself.

Looks like your channel details are no good:

[2014-09-16 19:22:32,378] [Log  ] [12  ] [INFO ] - dvbip:  TuneVBIP:tv: dk4 HD Freq:0 ONID:-1 TSID:-1 SID:-1 PMT:0xFFFFFFFF FTA:False LCN:10000 Url:rtsp://@10.10.20.25/?freq=578.000&msys=dvbc&sr=6875&mtype=64qam&pids=0,5409,5400,5402,5401

SID (service ID) and PMT PID should not be -1.