I've been 100% Office 365 web apps on Linux Chromium since around February. So far, I haven't hit a situation that has required spinning up my Windows 10 VM.
I don't know. I'm in a US coastal megalopolis covered in cell data towers, so I haven't encountered that issue yet. I'm sure it will happen at some point, but I think the web apps have offline capability.
Office 365 allows you to install the latest version of word excel ... too in addition to their web versions. It’s actually the superior part of the offering, even though Hm tends to focus on the web part (why superior ? Automatic upgrade to latest so no mismatch of versions inside your company, no expensive acquisition cost merely add less than ten euro a month to add a new user, disable the next month if it didn't work out).
The installer fails on wine last time I checked, but porting an installation from windows works fine, and the account and license connection is fine too.