System requirements OLD but.... ?

I have an “old” server I was looking to re-purpose for Unreal development, however I was curious how well you guys think it will work.

It has

4x 2.13Ghz 6 core Xeons (24 cores total)
128GB (DDR2) ram
2x 10k 146gb SAS drives

6 PCIe2.0 X8 full size Slots
1 PCIe2.0 x16 full size Slot

So the ram is old and slow but there is a ton of it.
(Maybe ram load the whole Unreal engine…)
The clock speed is low, but they are server processors and a lot of real cores

I can’t have a high end graphics card but I could load in a few Mid-ranged cards or older model workstation cards.
(If anyone has a graphics card configuration suggestion, I’m open to suggestions

It would be great for baking lighting with Lightmass, all those cores and all that RAM. The biggest limiting factor would really be how good a GPU you can get into it, as that’s really the biggest bottleneck. I’ve only got an AMD FX6300 for a CPU with 16GB of RAM, but when I upgraded to an AMD Radeon R9 290 it really helped my performance.