I highly doubt it, but I'll defer to the more knowledgeable folks here. For my own (key word) personal use, it would have been good enough. A moot point, however, as I've got my eye on another road bike instead.
I can imagine it's fast enough for my purposes, as well.
http://www.amiga.org/forums/showthread.php?t=66905
There were a few kits available on eBay, too, a few months ago (which is how I heard of it).
I like the idea of this 64MB hack. In Acill's thread he mentions he's done this for a customer, so I would infer he could do it for others. Had I known about it before I sent him my main 4000D board I would have had him done it alone with the PIO2 upgrade. I have one more board to send, so that's on my list.