When both Jou and Rishid got struck by lightning due to Rishid
playing the counterfeit Ra, Honda tries to jump in the ring to help
them, since they got struck by lightning, but Isono tells him to stop.
Kaiba then says that "the duel disk 'Realism System' was not set to a
fatal level, so its impossible for them to be in real danger, its just
in their heads."
Now I totally forgot about that line. Apparently, Kaiba Corp's
technology at the time, allowed for a realistic setting that allowed for
the Solid Vision projections to be tangible to varying degrees, and
even to a dangerous one.
This of course would tie into his Death-T Duel Box experiments where he
tried to recreate the Penalty Game he suffered to the most realistic
level as possible...
So yeah. There's your answer. Apparently yes. Kaiba Corp Solid Vision
technology was capable of projecting holograms with tangible force and
power, even to high levels. Even in the DM era.