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I tried a modbo 1.1 in a V4 and it did not work correctly. It booted a backup one time, and never again after that (but if I unplugged the system for a few minutes, it would again boot just 1 time). I replaced the chip with an subzero and it worked just fine.
Have the same story to tell, Modbo's in a V3 or V4 have a terrible bootrate, it does not work with controller plugged in or not.
i never believe modbo chips are fine with v3/v4. actually, any ice code based chips like duo2, messiah750/apple750, h20 will be just fantastic for them.