Revision 2 BPPC cards have updated logic firmware which provides them with better power management, and things overall work smoother as far as Bvision usage and Grex usage goes.
For example, I own a PPC card that was updated from revision 0 to 2 by DCE, and after trying out the Bvision card with it, I've noticed that Bvision did not require extra power added to the floppy connector port anymore, in order to work. Before the upgrade, it wouldn't work unless there was power added to the floppy connector on the A1200 motherboard.
Grex can be used with BPPC revision 0 cards, however you won't be able to use a graphics card (this was discussed years ago on Grex Yahoo mailing list). Sound and Ethernet should work, but not graphics. Exaclty why not, I do not know.
I suspect from experience that it's all due to power management, as a lot of things depend on steady power feed from those tiny A1200 CPU slot connectors, and then in case of Grex and Bvision, this problem goes even further to become more difficult and annoying, due to even smaller contacts on the on-board expansion slot of any BPC card, which now need to provide yet more power to either Bvision or Grex (an entire bus-board). :-)