It's possible that 1st_read.bin DOES load, but immediately crashes back to the DC BIOS menu. The reason is that it plays an intro sequence and uses one of the ADX (that is, BIN) files for background music. If that ADX is incorrectly encoded -
wham, crash. Something similar happened to me, and I had to go back and re-encode one file to .adx, then testplay each and every one of them to be absolutely sure they were OK. Once I reburned the game afterward, it worked fine. So look into that...