You would build a site, where a user authenticates; this could tap into the same Direct Entitlement database. The resulting webpage would show the applicable folios (using the output from Direct Entitlement database). The folios will be secured using a ‘login’ which validates on the backend using Direct Entitlement.
Content will be rendered correctly; however, you need to QA the folio content in the ACV-web to make sure it behaves the way you want. There might be small rendering differences / errors in case of complex nested overlays.
-Klaasjan