Well, more troubleshooting and more confusion.
1.) The contacts on the connectors looked fine and shiny, but I decided to clean them anyway for good measure. However, before cleaning them there was a whole 2 or 3 times that I was able to get it to load to the CD player with a music CD on the System Card. However, there was no rhyme or reason to it. If it loaded up one time, without adjusting how far the connector was or anything I could turn the system off, back on, and it wouldn't make it back to the System Card CD player again. Also, the few times it did make it, it would recognize the amount of tracks on the CD, but could not play any of them (all while the stand-alone CD player functionality continued to be fine).
2.) After cleaning the connectors, nothing changed.
Now, I got a good deal on yet another untested but "worked last time it was used years ago" Turbografx CD and base so now I have 2 CD-ROMS and 2 bases. When I unpacked it today the first thing I did was test it as a stand-alone CD player. It played a music with no issues at all. I didn't have to tinker with it at all.
So next, I hooked it all up and......same exact issue. "PC" display shows up on the CD-ROM and all i get is "just a moment...". So i have two TG16s, two Turbo CD-ROMs, and two bases. I've tried various combinations of them together and the results are the same. At this point I'm extremely baffled.
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One thing to note (and I don't believe it should even matter unless there's something about the Turbo CD I don't understand) is I'm not using the original AC adapter since I don't have that. I'm using a 9V 3A adapter. Now before anyone automatically deems this the culprit, I'll give some background info. Most of these retro consoles use a 7805 voltage regulator inside of them that brings the incoming AC adapter voltage down to 5V to supply to the system. The minimum voltage the 7805 can accept is 7.2V from what I've looked up. Now I've seen consoles where the AC adapters were 9V, 10V, 10.5V, and maybe other values. These also had 7805 regulators inside, so running them on the off a 9V adapter with the proper or higher amperage has never been an issue.
I opened up one of the Turbo CD base units and sure enough it also has a 7805 regulator in it, so it appears it should work fine with a 9V AC adapter as long as the amperage is high enough. Right next to the 7805 are two "C2275" components that are apparently power transistors (
), but I don't know much about that them so I don't know if that would affect the situation. I'd be interested to hear from anyone who's an expert on the TGCD's power set up and people who have successfully used non-official AC adapters.