Hi I was just wondering if it would be possible to run Amiga OS4.1 on an Efika?
No, unless if OS4 is ported to Efika.
And would it be possible to run MorphOS on a Sam?
No, unless if MorphOS is ported to Sam.
I read that the Pegasos can run either AmigaOS4.1 or MorphOS, is that correct?
Yes.
and if so what's different about it that it can run both?
Both OSes have added support for Pegasos2 HW (MorphOS from the beginning, OS4 much later).
As i understand it all three can run linux right?
Yes.
I just recently found out about the Efika and it seems to me to be a reasonably priced alternative.
I'd be inclined to claim that eMac is the really reasonably priced alternative, bang / buck. You can find those even cheaper than Efika.