I bought one and I unlocked everything. I had some issue with resetting my Amiga 1200 with the ACA 1221. I solved the problem with using other Amiga 1200 with timing fix.
You can do some raytracing, Image processing, Word processing with this card.
You have to buy the the license codes for overclocking 28 MHz and 64 MB for the first two things, but will be slow. The best option to have more fun is getting a Blizzard 1230 IV with FPU.
Maprom will help you to use other ROM. You could softkick 3.1 when you have 3.0.