I'm using a A2000 with GForce 040 accelerator, and a Piccolo gfx card. With P96, there is a huge incompatiblity with WHDLoad-installed games, most installed won't work. With CGX 4, everything works, and the picture is as good as with P96.
But creating new screenmodes is under P96 much easier than under CGX.
BTW: a friend of mine has experienced problems in using P96 with the CVision64/3D in Z2-Mode. I don't quietly know what the reason was, he was using it in a A1200 with RBM-Board.