Good question!
I was pointing to them mostly as an option, because last time I used the release version I ended up having issues which to me were fixed in later builds.
And it seems quite a lot of things were worked on since the 1.1.2 version (5 years ago??):
https://arx-libertatis.org/files/snapshots/ (checking some readmes in there, bug and crash fixes are numerous)
I played a few hours with a snapshot some time ago and it was fine - but I've no idea about the whole game.
I intend to replay the game too (just finished Prey last month!), so I would also be interested in how safe a snapshot playthrough is.
Edit:
Well, I dunno if this guy works on the project, but he/she seems to think snapshots are the way to go:
https://steamcommunity.com/app/1700/discussions/0/4149469212605682582/