Transcend ( a few revisions of it) are very bad for being recognized in an Amiga , i found best were Sandisk, Lexar and Kingston with some cheapie Chinese knock off brands as well, i have seen a few posts about the Transcends in other threads
for the IDE board operation, Green LED (Power) is lit constantly and Red LED (HDD Activity) will only blink when CF card is being accessed, a constant red LED indicates CF card not inserted or error. Boot the WB install disk and see if you can see/install the HDD and try a different brand if you do have one
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