Just for the sake of closing the loop on this. I received the updated ROM and installed it on the SCSI card and voila! I have access to the CD-ROM.
The previous ROM was version 3.07, updated to 4.15 (from Amiga Resource) and I'm good.
I'm still waiting for the active terminators to arrive by mail-order but since everything is working...I guess there is no reason to use one now. Unless there is some other benefit I'm unaware of...
I would like to thank the good help I received from everyone here at Amiga.org.
Specs at time of purchase:
A2000 with 2.04 Rom
A2320 ScanDoubler
68030 50Hz, 2 MB Chip, 10MB Total. Leaky Battery.
20MB SCSI DH0:, 800MB SCSI DH1:(with bad sectors galore)
Now:
A2000 with 3.1 Rom
A2320 ScanDoubler
68030 50 Hz, 2MB Chip, 10MB Total. Coin Battery
2.1 GB SCSI Drive, updated GVP SCSI Rom to 4.15 (Latest)
Yamaha CD-R, Xsurf 100, RapidRoad USB, Both Floppy and Floppy Emulator installed
Time to have some fun.....