Wait, i think i know why you ppl are splitted in half.
The one side talks about the "regular" version of quake that relies on the power of the CPU and the other side about BlitzQuake which make use of the 3D acceleration hardware of some gfx cards and relies more on the power of the GPU than the CPU.
In the first case the performance should be very low on a 68k system, while in the second one the performance should be reasonably good on 68k system with a Voodoo card.