Terminal-based systems often have a very steep learning curve, but I've seen many cases where they were better designed and met business needs better than COTS replacements.
Granted, those terminal-based systems were probably phenomenally expensive when they were put in (mostly in the 70s or early 80s, that I saw), and I suppose it's possible that after 15-20 years we have a biased sample that only represents the best of the breed, but they got the job done.
But sure, if you had a terminal, a spare IBM system (the iSeries is probably the lowest end) set up to support SNA, and then a networking controller to attach the 3270 to, you could probably get Lynx working.
Alternately, if you just want the effect, you could just pick up an old green/black monochrome display and hook it up (via a physical adapter) to any VGA card. Buggy implementations excepted, all VGA cards should be backwards-compatible to MGA.
Add a nice IBM Model M keyboard and you'd be all set. I suspect someone has probably done this as a case mod before (if not ... I might); stick a modern mobo in an old IBM PC case with the original monitor and keyboard.