Thanks for the input! I tried to duplicate your settings but it still doesn't work. I did check the Trim Step and mine was set to 100%, but changing it to 40% didn't seem to help.

Now for the good news, I got it working! Here's how:

I set the travel adjust to its limit at 150% high and low.
I then set the failsafe.
Then I set the travel adjustment to 60% high and low.
Re-learned the ECU and voilla! The failsafe now operates correctly.

If I set the travel adjustment to anything higher than 60% and re-learn the ECU, the failsafe will not work. Would anyone care to offer up an explanation for this? Also, will the turbine run correctly with the travel limit set to 60%?

Thanks for all the input guys!