That sounds about right.
The quickest test that I know of that proves if your 603e is functional would be by:
- installing OS3.x
- running SysSpeed
- testing out 603e performance within SysSpeed
If your OS freezes during the test, your 603e is most likely defective. If SysSpeed spits out some performance benchmarks then you know that the 603e is functional.
I would recommend the above test before you install BB1 + BB2 + WarpUP, as the built-in PowerUP PPC library will be sufficient for the test and it will work with SysSpeed.
To check the revision of your BPPC board, you need to run a command line tool called "boardtype". It's available for download
here. If boardtype detects revision 0, your PPC card is not officially compatible with Grex1200. If revision 2 is detected, your PPC board is fully compatible with Grex1200.
Most BPPC cards out there are revision 0, btw.