Hi
I got it working !
The FT897 has TTL level CAT interface, and I found a diagram for the AUX/MIC connector in the manual that clarified things. The AUX/MIC and the TTL connector uses the same path for TXD and RXD (i.e. COM0), so either can be used.
The strapping must be expanded with two more wires so that RXD and TXD from RRC have a path to the microphone,
Using the CAT interface in the microphone connector makes cabling more simple, and it also frees up the CAT/LIN/TUNER connector on the back for a linear amp or tuner as a bonus :=)
At the control site i have tied COM0 and COM2 together and connected the PC to COM2 with a straight (2-2 + 3-3) COM cable to get the levels converterted to ±12V.