Steve,
There are several things that may be going on here. First of all, the behavior you describe (browsable network module but failure to Find Devices) is a typical problem when multiple devices on the network have the same IP address. Make sure the FP-20XX module does not have the same IP address as other devices on the network. Also, if most of your network is uses DHCP, make sure that the DHCP server is not allocating the same IP used by the FP-20XX to another computer. Alternatively, there may be a problem with the media converter. I have seen some ethernet to other media converters that are pretty slow. You can try increasing the timeout period settings on the Comm Resource in FieldPoint Explorer.
Regards,
Aaron
LabVIEW Champion, CLA, CPI