The DVD Drive is brand-new and has been booting O.K in various Linux, and even Windows XP install DVD, bootable DVDs from the same PC. So it is most likely SW/FW related for my problem.
Thanks
Everything in your OP indicates that the DVD drive in your ASRock system does not like your Windows 7 installation disk for some reason. If I were you, I would swap out the DVD drive, even if you have to nick one from another system as a test. It's a lot simpler and safer than re-flashing your motherboard.
Microsoft's Compatibility Centre lists the Conroe1333-DVI/H as being Windows 7 compatible.
The fact the your DVD drive can read other installation media and that other DVD drives can read your installation disk does not rule out the possibility that your disk is below spec. and your drive cannot handle it although others can. Still, you seem pretty certain about what is not causing the problem so I'll leave you to find out what actually is.
"All things are ready, if our minds be so."--Henry V