I havent installed Debian on it but I'm sure if you do a 'regular' install it will be too bloated. KDE and Gnome have gotten bloated over the years..but I read somewhere if you use a different window manager you'll see good results.
The EFIKA only has 128megs ram but it will run circles around your little 030. I will do as much testing as I can come next week.
Tomorrow I'm going to go check out my race car..Saturday a final exam and flight school..then the rest of the time w/the old lady. (lol). Monday I will install Debian and see if I can get e-uae or uae working on it and post the results.