You are incorrect. The address FFF0:0000 is a 20 bit address. It represents the original 8086/88 segment:offset pair. The segment portion is shifted left 4 bits and the offset portion is added to that to create a 20-bit address.
Now to go back to the original question, the EPROM is a 512K byte ROM with addresses 0h thru 07ffffh. That doesn't mean it represents those exact addresses. The board is probably designed to map the 512K address space to the upper 512K of the 20-bit address space (simply by decoding A19). That would put the far jump you saw at FFFF:0 (the 8086/88 reset address). And that would put the location of FFF0:0 at offset 07ff00h in the EPROM. Look there and I'll bet you find something that looks like reasonable assembler code??
I wouldn't be so quick to call someone a fool GS. You're apparently not quite the rocket scientist you attempt to portray.
Patrick