When we study a relativistic point particle (say, at the beginning of a string theory course), we looked at einbeins, and that's because they were equivalent to the action $\int d\tau\sqrt{\eta_{\mu\nu}\dot{x}^\nu\dot{x}^\nu}$ then the einbein action worked. However why doesn't the action $\int d\tau ~\eta_{\mu\nu}\dot{x}^\nu\dot{x}^\nu$ work?
I mean my question isnt about this action per se, but more general, when do two classically equivalent actions give the same quantum results?