AKReal is free, but you can contribute with whatever amount you feel it is worth.
For AKReal to work, you do need real Amiga computer or, in case of emulation, Amiga ROM and Operating System (included with Amiga Forever
AKReal is tested to work with an Amiga with AGA chipset and at least 16 Mb of RAM under emulation, although at least an ACA or 030 accelerator is recommended for real, and it doesn't need FPU.
ACA's accelerators run fine, and you can setup your ACATune for them. You also can use a Fast ATA, Indivision or any other hardware that can run normally in your Amiga. If you are using an Apollo you should be aware of the problems it has with BB2, but RemApollo on Aminet should fix that.
STEP 1: Set up a clean AmigaOS3.9 installation first
First you need to set up a clean AmigaOS3.1 installation on your boot Amiga hard drive partition. Then upgrade it to AmigaOS3.9. Also it's a good idea to install official BoingBags 1 and 2 too (optional). If you need Genesis for internet you can install it using your OS3.9 CD (option "Install Internet Software").
STEP 2: Install the AmiKitReal files over the new AmigaOS
Now download the AKReal ZIP archive from this website and uncompress its content to your Amiga (hard drive, PCMCIA, USB flash disk, etc.). Then run the installer script by doubleclicking the Install icon. It unpacks a LZX archive over the clean AmigaOS installation. Now you have 16 color conversion of AmiKit ready to use with your real Amiga. Simply use it to boot your Amiga from a harddrive.
STEP 3: Copy your personal and other files (optional)
It is advised to install your MUI key just copying it to the S drawer. Also if you've got the IBrowse key, put it inside the IBrowse drawer (AmiKit:Internet/IBrowse), copy Kickstarts to AmiKit:Devs/Kickstarts (so the WHDLoad games such as DeluxeGalaga and DeluxePacman work) and your WHDLoad key to L.