4 official rulings from Bandai, last ruled Mar 28, 2024. Straight answers to how this card actually resolves.

Can I use the effect of this Option card to play a level 2 Digimon that is currently a digivolution card of one of my Digimon?
No. This card's effect can only be used on Digimon cards that are digivolution cards. It can't be used on Digi-Egg cards or Tamer cards in a Digimon's digivolution cards.
Ruled Mar 28, 2024
If I use this Option card's effect to play a digivolution card of one of my suspended Digimon, does it come into play suspended?
No. Since it is played as another Digimon, it is played unsuspended.
Ruled Mar 28, 2024
If one of my Digimon has an effect applied to it that lasts a turn, then I use the effect of this Option card to play one of its digivolution cards as a Digimon, does that Digimon come into play with the same effect applied to it?
No. Since it is played as another Digimon, it is not affected by any effects of the original Digimon it was under.
Ruled Mar 28, 2024
Can Digimon played by this card's effect attack the turn they were played?
No, since it would count as the turn they were played.
Ruled Mar 28, 2024
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Questions and answers are Bandai's official rulings, collected and translated by the DigimonCardGame Wiki community and reused here under CC BY-SA. Card names and card text are © their respective publishers; Combalo is not affiliated with Bandai.