I just built one of the region mod PCB's this past weekend, and installed it no problem on my Duo-R. I used the HuCard port for +5v and GND (grabbed a small wire, made a loop, soldered it very close to the PCB).
I used the guide(s) posted here (used the schematic from the german link, it was easier to read):
http://www.mmmonkey.co.uk/console/pce/region.htmFirst thing to do is pull out your multi meter and verify that +5v is coming into the circuit you just built, and actually getting to both chips (same with ground). I verified my ground by measuring resistance from a common ground on the PC Engine's PCB back to the GND on the region mod PCB. Verified the 5v by measuring from GND to 5v on the IC's Vcc pin. 2nd step, double check EVERYTHING with your multimeter, especially looking out for bridges and open circuits (and of course accuracy on the wiring). Finally, make sure that your region mod PCB is not shorting anything out inside your TG16. I insulated the bottom of mine with electrical tape before I hot glued it in its final position.
Another thought- verify the datasheet of your NTE chips versus a MC14551B datasheet. Sometimes the NTE cross references are *very close* matches, but not 100% identical. I suppose its possible the chip(s) your using aren't compatible (which wouldnt' be the end of the world since you socketed them).
Whoever actually suggested using an 8pdt switch is a moron. There's an additional EIGHT wires to solder on doing that approach (24 total!). Talk about a birds nest of wires... The PCB mod is clean, and the parts are dirty cheap.
Good luck!