I havent tried it in a long time, to be honest !
I had two 16MB simms I bought off a mate.
I did however have similar problems with the 8MB stick I was using in the 1230Lite, and the 4MB stick I got with the Lite. (it was the 4MB and a Lite for £100 from Power way back in the era when God's dog was a pup !)
not sure. think I'll have to have a play - but it might be flakey even without RAM ! could be a loose edge conn though - I even got some trichloroethane spray to clean the contacts, etc !
not sure if it was ever really stable - could be heat issue - I guess the 1st thing to do (after giving it a go!) could be to downgrade the clock to the CPU's rated speed.