It seems the most recent package available in the PPA is for trusty and the last release was 2.10.1 on Aug 28, 2014. So it appears that your options are to downgrade to 14.04 and use the available deb package or take advantage of what is currently available by downloading the source and compiling it after modifying as suggested in the tarball to match your system.
According to the info in the tarball you can install it as follows:
(1) For a personal installation, move to your home directory, and unpack
the Moscow ML distribution using
`gzip -dc linux-mos20bin.tar.gz | tar xfv -`
This will create a directory ~/mosml with the following subdirectories and notable files
mosml/ readme, install.txt
bin/ mosml, mosmlc, mosmllex, mosmlyac, camlrunm,
copyrght/ copyright notices
doc/ manual.pdf, mosmlref.pdf, mosmllib.pdf, ...
mosmllib/ HTML-documentation of the Moscow ML library
examples/ a few example programs
lib/ bytecode files, basis library units,
and the dynamically loadable libraries
tools/ mosmldep, Makefile.stub
(2) Edit the variables stdlib
and mosmlbin
in the scripts
mosml/bin/mosml & mosml/bin/mosmlc & mosml/bin/mosmllex to match your system (you may find find
useful for this step.
Note: I have not tested this at this point in time, but I assume that this will get you moving n the right direction. If you get stuck, let us know exactly what went wrong and we will attempt to help you resolve the particular problem you ran into.