Which video chip? Intel or nVidia? I might actually suggest Ubuntu 16.10 to better support the newest hardware. I am actually sending this on a 6th gen HP laptop with Intel video running Kubuntu 16.04 which is Ubuntu with the KDE desktop instead of the default Gnome. You don't ever expect Linux to "just work"; it often requires some tweaks but the support community is second to none and I guarantee you can get all the hardware working as long as you have some basic Linux skills or are willing to acquire them.
You ask me whether YOU can install Ubuntu 16.04LTS on it. I am pretty sure I could but I have been using Linux since about 1999 when it was really hard to do and I have no idea what your Linux experience is or what you imagine is involved with it. It has gotten to the point where it is much easier than it used to be but still not quite like installing Windows.
There is no hardware in your laptop that cannot ultimately be made to fully operate under Ubuntu 16.04LTS. Hardware that will be a challenge is video, audio and bluetooth and maybe wireless. There are solutions to all but they may be manual solutions requiring command-line work and possible rebuilding of a custom kernel.