No, that's not a valid configuration. Exchange does not "understand" MTO at all, as long as it is concerned, a mailbox can only be provisioned for a "member" user, and it doesn't care it said user has a mailbox in any other tenant/location.
Apart from the mailbox provisioning part, you also have to take care of authentication, as cross-tenant federation scenarios are not supported for ExO. In other words, you need to provision a password for the synced user in the "resource" tenant as well. And the user will only be able to access the mailbox when logging in directly with the resource tenant credentials.
So in other words, while you can hack your way around this and eventually end up with a mailbox for the synced user, this is still not cross-tenant access and most definitely not a supported scenario.