Can I MST connect multiple monitors using mini DP -> DP
cables only? (I'm confused on whether I might need a DP -> DP
cable between the monitors?)
Image of mini DP -> DP
cable
They are electrically the same -so as long as you have a DP out and a DP in that correspond to either end of the cable, it should work. From memory, the DP outs were full sized on the dell monitor I had which did MST, and the mini DP input worked identically to the standard DP out.
According to NotebookCheck, the Intel® HD Graphics 5500 integrated GPU supports only DisplayPort 1.2. DisplayPort 1.2 can support a single 4K screen (up to 75 Hz) at Y′CBCR 4:4:4 (full 24 bit RGB). With reduced refresh rate and/or color subsampling, more is possible of course, but both ends of the connection would need to support it.
Another limiting factor is what the MST hub in the first display decides to do. It may simply “disconnect” the second display because the first display requires all DP streams for itself.
Your best bet to have both displays work with your laptop is to use a USB graphics solution (DisplayLink). It comes with limitations of course.