I have only tried Photogenics 5 and it seems to work just fine. All effects are drawn pretty much without any lag when you draw around.
I think older programs which try to force on AGA screen won't work that well. I think Vista is one of them and it can be difficult to get it run. I remember that some people have got Lightwave to run, but did it need to be configured some external renderer/screen or something to avoid it opening render result to AGA screen or so... or maybe some screen promotion program is needed. I think it was same on real Amiga with gfx card too.
I'd guess Cinema4D would work pretty fine as it's a bit newer program and was working well on gfx card equipped classic Amigas too. I might dig it out some time and try...
Anyway, I wouldn't dare to promise that all programs work or don't need some tuning, but newer the program is, it's more likely to work without hiccups. Anyway, all programs run way faster than on any real Amiga.
Other similar programs which at least do work: FXPaint2, ArtEffect 4, ImageFX, Elastic/Fantastic Dreams, TVPaint, Real3D...
Accodring to that page
http://morphos.lukysoft.cz/ Lightwave and Cinema4D do work too.
