I guarantee there are waitstates, the question is how many. If I understand correctly, an '030 could complete a memory access in 2 cycles, or a 4-word "burst" in 5 cycles. But if you're over 16MHz then even 60ns DRAM is already too slow for that ideal timing.
A GVP A3001 with '030-50MHz, 60ns RAM, and no burst mode, is 85% faster than a CBM A2630 with '030-25MHz, 100ns RAM, and no burst mode.