In theory you could get it to work. In practice it would be awful, especially using AGA.
I used to do it with my 68040 A1200 using a mediator based voodoo3 graphics card. This in itself was deadly slow compared to PC browsing.
I now use a BPPC 603e+ 040 board. Even with the PPC image datatypes it remains a frustrating experience.... But still wholly satisfying to see the miggy being put to good use! Gonna upgrade to a 68060 soon... maybe better - any comments???
Good luck but dont expect too much!