Ok I did find an old Win7 Pentium laptop ...
It didn't run Cybermaster (grrh) - but it did run and connect to the brick via BricxCC - using... the very same USB2Serial adapter above!
So ....
1/ the cable, tower and brick work (confirmed via IBM PS/2 - alas 486 so does not run Cybermaster software, but slowly runs BricxCC)
2/ the USB2Serial adapter works (confirmed via Win7 machine) with the same cable, tower and brick above (alas no Cybermaster support)
3/ the USB2Serial adapter (s) seem not to work on Mac (in my case Mac Book Pro M4) - at all - even with a fresh build of ngc.
I am putting things aside for now - maybe one day I'll find a small retro Pentiun PC with a real serial and have ago again!
Hope all this helps someone avoid wasting time at least.
:-)