Is this possible with thinapp?

We have a 16 bit in-house app that we are trying to run on windows 7.  Certain functions of this app will not run on Windows 7 if UAC is  enabled.  I ran the application using standard user analyzer and found  that it fails on the below:

SetWindowsHookExA 1 (WH_JOURNALPLAYBACK) called to set a global Windows hook.

SetWindowsHookExA 1 (WH_JOURNALPLAYBACK) failed to set a Windows hook with error 0x5.

I have no experience with thinapp. Would it be possible to package this application as an thinapp package?

I know med-v is probably what we need to to, but wanted to see if it was possible with thinapp

Thank You