[X4U] Powerbook question

[eleventhvolume]

I've inherited a G3 Powerbook in fine physical condition - it's a firewire
model with the semi-transparent keyboard. Lovely piece of kit, arguably as
elegant as the current Powerbooks. Two problems: firstly it won't start up
and secondly it has a zip drive instead of a cd drive. My two questions are
- if I get it repaired, will I be able to install OSX on it by doing
target-disk mode from my Albook?
- will OSX run serviceably on the machine or will it be painfully slow?
If the answer's positive on both these counts I'll go ahead and get it
fixed.

Thanks for any help you can give.

All the best, Colin.