I read somewhere that appropriate RAM chips of such small sizes are getting harder to come by, as RAM is so cheap its usually used in much larger amounts in modern hardware.
So its actually easier to get 32MB or 64MB chips than 1MB or 2MB chips. At least, in sufficient quantities from a reliable supplier, for commercial production.
The 68000 can only address 16MB of RAM at maximum, the 68020 bumps this up to 4GB.
To include a 68020 processor would dramatically increase the complexity and cost of the ACA500 - so instead they give you an expansion port and you can choose which accelerator, if any, you want to use, while keeping the cost of the base ACA500 down.
Assuming the smaller RAM chips are the largest that were available, doubling the number of RAM chips would again increase complexity and cost of the board.
Maybe they could have used the larger RAM chips with the 68000 and tied the extra address lines to ground or something, I don't know. I also remember reading somewhere that the larger size chips on the ACA1220/1230 etc are actually DDR-SDRAM as it's easier/cheaper to get nowadays than standard SDRAM, and maybe you can't just do this with DDR.
I'm not a hardware designer so this is all speculation/postulation, everything I just said could be completely false
It seems to me that the ACA500 is offered as a base, it adds a lot of cool features like kickrom and CF/IDE even without the extra memory and processor upgrade. If you want the extra RAM and processing power then that's your prerogative, and you have various options with the ACA500 to achieve that.
I'm just curious as to whether there are any cheap and nasty options out there just to increase the amount of RAM as I think the CPU speed won't be an issue for playing games and watching demos that I plan to do. If I run into any issues with the amount of RAM then I gotta save some more pennies for that either way.