Yes, BE would be needed. The RDY pin can also be used to pause the 65C02 in the middle of a read or write, where the point is that the device on the bus being accessed needs the select to be valid for longer than the normal PHI2 bus cycle allows, so when used on its own, the address bus will continue to be driven.
The current W65C02 datasheet says that BE is asynchronous, so I guess the issue is the setup and hold times.
The current W65C02 datasheet gives a minimum 25ns setup at +5v from BE rising until valid data can be read or written (tBVD), 30ns setup at 3.3v/3.0v (p. 25). It doesn't show time to bus high impedance, but a note says that (maybe it would be called "tBHE" if it was specified in the table) should be similar to the tBVD.
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