I had 32MB on a dual-sided stick until I soldered in an old SIMM slot salvaged from a PC motherboard and upgraded to 2x32MB. Never looked back :-)
For some reason I often need to touch the chips and memory sticks before booting, or it won't find any memory at all. Have never found out excactly what is causing it, but when it boots it seems to work ok.
I'm using a kickstart 3.9 image made by the author of Remapollo (been using it on UAE as well)