Correct as that is how I got to the Wad installer.
-bootmii is installed as IOS
-HBC is installed
-cBoot2 has been copied to the SD, as well as the wad/IOS16.WAD and the 3 files in apps/LU64cIOS
-goto HBC, run bootmii, arrive at WAD installer
-select IOS16.WAD, install
-ret = -1035
Those are...