How Can I Mirror & Control Android Device on Large Mulit-touch Screen
Yes, this is now possible and recently I saw a demo unit that meets your requirement. 
The demo was from HANNspree and they connected their 23" touch monitor (HT231HPB) together with their 10" Tablet. 
You can also use the touch-screen monitor to control the action on the Android device.
In few words a two-way sync between the tablet and the touch monitor.