I have MS Office 4.0 installed on my 386DX-40 with 4 MB of RAM and 210 MB HDD, running Windows 3.1, and it is good. Most of the common features are there, it's a perfectly working office setup. The major thing missing is font anti-aliasing. Office 95 and 97 are absolutely awesome.
Then again, if you'd also run it at low res on an old CRT it might not or barely benefit from anti-aliasing anyway.
Totally agree! I‘d pay definitely $300 (lifetime license) for a productivity suite like Windows 95 design and Office 95 with no bloatware and ads. Just pure speed and productivity.
I do remember running Word on an Am386DX-40 and later an i486DX2-66 and there was an issue that wouldn't be a problem with faster hardware; the widow/orphan control happened live so if you made an edit, then hit print, there was a race condition where you could end up with a duplicated line or missing line across page boundaries. Since later drafts tended to have fewer edits, I once turned in a final draft of a school paper with such an error.