I don't know the answer, but I can't think why it couldn't, the hardware (SD transfer rate) is fast enough.
It's been a while since I looked at data-logging to SD, but seem to remember the sample-code routines were "verbose", but worked.
Is this a continuous log-file, or one that is periodic (comes in bursts). If it is periodic, you can always buffer the data in the PLC and write to SD at your leisure.