I have just started a new site using magento 188.8.131.52
Actually there is no theme for this version
Also in magento connect there are very few modules compatible with version 184.108.40.206
My question is:
Can I use modules and theme that has in their compatibility list magento version 1.9.2.x
Thanks in advance
Short answer is yes you can. Probablity that 1.9.2.x theme or extension is not compatible with 220.127.116.11 is so small that it's not even worth mentioning.