As much as I want you to try it so I can see if it will work, I'm just gonna say no. The 22 ARC has more powder volume and a higher pressure rating than the 223. It might be possible but I'd hate to destroy a great can by pushing it too far. A 5 inch 4 oz can would be chefs kiss for a 20 or 22 inch 22 ARC bolt gun. It would be nice if they started building something similar that was rated for the 22 ARC.
This can is currently on its way to me and should handle the 22 ARC easily...
It is a 2 piece printed can with great specs...
ROUND COUNT LIMITS BY CALIBER:
22LR Belt Fed: 200 rounds before cooling
17HMR: 60 rounds before cooling
5.7x28mm: 45 rounds before cooling
5.56 / 16"+ barrel (no SBR): 30 rounds before cooling
22-250: 6 rounds before cooling
22 Creedmoor: 4 rounds before cooling
Jay