It can be done.
Copy the .mt5 material file to your Pose library and change the name to .pz2.
Then open the new .pz2 file using a text editor.

Change the line
actor $CURRENT
into
figure
and change the line
material Preview
into
material

This MAT pose then will only affect one single material. If you want more than one material in the pose file, you'll have to incorporate the contents of other .mt5 files.

This is how it goes:

• copy the second .mt5 file to your Pose library;
• remove the top lines up to the material Preview line
• scroll down to the very end of the file and remove the last two curly braces "]"
• select EVERYTHING that's left, copy it to the clipboard;
• switch to your first pose file, and paste just before the line starting with material

Don't forget to fix up the material names!

When you have all materials you want, save this file as a .pz2. It should work just fine.

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