Actually, I don't think it is mu metal. I may be wrong, but I think it's just plain aluminum. You do of course leave the cover on the audio transformers - that's where they do use mu metal.
Toroidal power transfomer in the same 19" housing shouldn't be a problem as long as the V272 isn't in close proximity. That said, I left the aluminum cover on my V272 and just screwed the whole thing to the back plate of the housing. From the inside of course ;-)
It's probably a good idea to look where the power transformers of the units above and below the V272 are, just to make sure they're not directly under or above your V272 audio transformers. Usually power transformers are on the right side (seen from front), but some manufacturers think they must be different in everything...