Enables 1-acylglycerophosphocholine O-acyltransferase activity and 1-acylglycerophosphoethanolamine O-acyltransferase activity. Involved in phosphatidylcholine acyl-chain remodeling; phosphatidylethanolamine acyl-chain remodeling; and regulation of chondrocyte differentiation. Located in endoplasmic reticulum membrane. Is expressed in several structures, including T1 rib costal cartilage; alimentary system; genitourinary system; nervous system; and respiratory system. Orthologous to human MBOAT2 (membrane bound O-acyltransferase domain containing 2). [provided by Alliance of Genome Resources, Apr 2022]