Hi Dave,
I used to use a phonepak for my business and for home for 12 years or so. It is a great product, it ran 24/7 and never crashed. It has a lot of advanced features that were ahead of it's time (call following, multiple mailboxes, multiple line support etc.).
Faxing worked fine, I believe I viewed them in super high resolution and printing was no problem. It could auto detect a fax if you turned it on in lineman.
It was used in a 3000 desktop. It had a SB 11 so I didn't need slow ram. I do know that there were some bugs with older versions of the software, I switched in 94 or so to the latest updates and they were solid. I can't remember the versions. If you need me to check I can boot old reliable and grab the versions.
You really have a nice little treasure there, enjoy and good luck...
Matt