Earlier quoted context omitted.
Windows95 was decent even with 8 MB, on a 66 MHz or 100 MHz 486 CPU. With either 4 MB or only a 386 CPU, it was definitely crippled, making an upgrade not worthwhile.
Windows 95 on a 386 CPU with enough RAM was alright. Not fast but very useable. https://youtu.be/Pw2610paPYM?t=72 But most 386 didn't have 8+ megabytes, and some 386 had a 286 like data bus, making it even slower. (386SX)
The 386dx could also use a full 32-bit address space, whereas the 386sx had 24 address lines like the 286. But again, having more than 16 MB would have been expensive at the time.