Yep, I know it's in THEORY!! 
An AMIGA user from Italy has managed to operate the Video Toaster in "PAL", but it does not answer my messages. 
I think he's using GVP TBC as you mention. If you know how to proceed, I'll be interested to have more informations. Thank you.
Yep, I know, I've never seen the PRIME IMAGE for sale or topic thread, since over two years. 
Hello, is true that you use the VT4000 with GVP TBC+ in PAL mode, but if you don't have the A4000 with NTSC mode enabled the VT refuse to start...
See my auction on Ebay, in these I explicated how I modified the A4000 PAL for use with VT 4000 VT Flyer and TBCplus. Link:
http://www.ebay.it/itm/160817620446