With the drive actually hooked up to the controller, I'm getting "?54 RETRY" messages when it's trying to boot - however, I'm not entirely sure what device it's trying to boot from! Maybe it's attempting the TK50, or via Ethernet. I still need to read up on that and work out how to force it to attempt a disk boot.
On a VAXStation/MicroVAX 2000 (which could behave the same as or completely differently to an MV-II), "?54 RETRY" is what you get when attempting to boot from the network when nothing is responding (also, if I recall correctly, so take this with a giant pinch of salt...) Regards, Peter Coghlan.