I have a Sat connection that I use to surf, but would never consider flying on it. (yes I tried)
With sat. you get 'bout a second instant delay (1/2 sec up, 1/2 sec down) plus whatever delay you get from your connection.
REALLY unflyable.
Granted, most of my flying depends on timing, and lagging a second or two is gonna affect me quite a bit. I found on the Sat. connection the nme's were hitting me when I did my merges. I got ho'd quite a bit more, and generally hated it.
Dial up is the way to go.
No reason you can't get a 200ms ping or under with dial up, AND a much more stable connection.
After tweaking my modem (init. strings, drivers, etc) I tend to get from 140ms to 170ms depending on the number I use, and quite stable.