This will not do you any good,but many years ago i made a 880K floppy with miami3.2 with gtlayout.library stripped down with grapevine irc client,termite ftp and telnet clients and managed it by crunching some programs(implode/explode..powerpacker??) or it may of been another cruncher. It was a bootable disk and ran on 2MB chip ram machine(like stock 600) or 500+ with 2MB via dilaup.. since miami3.2b supports ethernet etc,it should be doable.
Its much easier on a 1.76MB high density amiga floppy tho.