I had an A3000D with the exact same accelerator in it. It would do the same thing that yours is doing after I installed it. After trying several things including many of the suggestions posted here like reseating chips (which is always an excellent idea), etc.
None of this solved my problem. The machine had 3.1 on it and I was at a loss as to what to do. For some reason and I don't even remember why I installed the 68040 library from the accelerators floppy in to libs, and it booted up. Curious, I kept replacing the 68040 library with newer versions till it bombed out again. The best I can remember is that I had to use a version of the 68040 library that was a few revisions old to get it to boot up, which it did just fine after that.
It is an old accelerator and apparently it does not like the newer versions of the 68040 library.
Once I brought it up to the newest version that it would tolerate, it booted and ran like a champion. Anyway, this was the problem that I had on an A3000D with the exact same accelerator that you have. The changing of the library solved my problem, and I hope that will be the same in your situation.
regards,