Yes, this is possible. There is a separate page that covers NTP and time sync for Linux VMs. This is referenced in the Configuration options section:
"Of course, the default configuration can be changed. An older image that is configured to use ntpd and an external time source can be changed to use chronyd and the /dev/ptp device for Azure host time. Similarly, an image using Azure host time via a /dev/ptp device can be configured to use an external NTP time source if required by your application or workload."
You will need to update chrony.conf and remove PHC. You can then set it up to utilize your own NTP server. You might find this configuration guide for Ubuntu handy for this.
Hope this helps! Let me know if you still have questions or need further assistance.
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