The CDTV can boot from some magazine cover-disks if you can find one with the correct version of AmigaOS. If you have AminetSet 5 you should be able to boot to AmigaOS and run Octamed Soundstudio 1.03c (Soundstudio is the successor of Octamed.)
As for making a bootable CD, I'm not sure if a CDTV's CD-ROM can access CDR's or not since the reflectivity of a CDR is less than that of a regular CD-ROM.
