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Ardour follow_slave() does nothing (not even seek) if the slave is not locked. The LTC-slave assumes it's locked if LTC is stable for 5 continuous process-calls. If the difference of Ardour's transport-position to the LTC-timecode is large (> 2sec), the slave reset itself (assuming drift, seek don't vari- speed). A LTC-slave does reset does reset the locked counter. Hence: If initially Ardour's transport differs > 2 sec and the buffersize is small (many process-callbacks), the slave kept resetting itself never informing Ardour that it locked to the external TC, and Ardour never issued a seek.
Please see the Ardour web site at http://ardour.org/ for all documentation..
For information on building ardour:
http://ardour.org/development.html