There should be no problems with that. You can compile them e.g. in /opt and then add them to System > PHP versions in ISPConfig.
./configure --prefix=/opt/php-7.1.12 --with-pdo-pgsql --with-zlib-dir --with-freetype-dir --enable-mbstring --with-libxml-dir=/usr --enable-soap --enable-calendar --with-curl --with-mcrypt --with-zlib --with-gd --with-pgsql --disable-rpath --enable-inline-optimization --with-bz2 --with-zlib --enable-sockets --enable-sysvsem --enable-sysvshm --enable-pcntl --enable-mbregex --enable-exif --enable-bcmath --with-mhash --enable-zip --with-pcre-regex --with-pdo-mysql --with-mysqli --with-mysql-sock=/var/run/mysqld/mysqld.sock --with-jpeg-dir=/usr --with-png-dir=/usr --enable-gd-native-ttf --with-openssl=/etc/ssl --with-fpm-user=www-data --with-fpm-group=www-data --with-libdir=/lib/x86_64-linux-gnu --enable-ftp --with-imap --with-imap-ssl --with-kerberos --with-gettext --with-xmlrpc --with-xsl --enable-opcache --enable-fpm --> error checking for RAND_egd... no checking for pkg-config... no configure: error: Cannot find OpenSSL's <evp.h>
