@ DoomMaster:
Never used that exact model of Teac drive, but I have had problems making some Teac drives work in the past.
I have had good successes with the earlier Panasonic JU-256 and some Sony drives if that's any help.
Some drives will work if you simply swap the ready and diskchange lines in the 34 way ribbon cable. I think that's pin 2 and 34 from memory?
There's a bit more info on my technical website if you're interested:
http://amiga.serveftp.netLook under the floppy drive conversion section.