My APU.1D4 kit was ordered without a wifi card, you would have to add one. It has some storage in it for the OS but for caching you would have to add something. 1GHz dual core was enough for 50Mbit but I wasn't using a ton of packages. I have a 100Mbit connection now but I switched to my new router before that. So I can not say for sure if it would or wouldn't work. My guess is it would work for routing and blocking but probably not for more complex workloads. I don't think it would hold up for a 200Mbit connection at all.
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