I tried on my A1200 with ACA-1232 (hw details in sig), copied the whole directory structure to RAM: and launched 'NetSurf-AGA-clib2-nojs-nofpu' from there, it works, but extremely slow with interlaced screen mode (couldn't find any way to change that, no prefs?), even the mouse movement lags horribly when the browser is idling which is kind of rare for Amiga programs in general. After visiting two sites when testing it gobbled up roughly 50MB RAM total.
In comparison, iBrowse
runs circles around this, many times faster, small memory footprint, it's actually quite usable; you can browse these forums, read gmail (with AmiSSL
installed and latest POODLE workaround
from 2016), and more.