Update: Resolved!
After a few rounds of 'try this' and 'here's what happened' with support, the problem is resolved.
Apparently it was something to do with my ISP on my client end not being on a whitelist on the LP side.
My support ticket was handled well, and I could see it being escalated up the support hierarchy properly

(I've done support myself, and I understand how this works; I'm pleased with how it was handled by LP).
It was resolved in a timely and professional fashion. I'm happy with how it was handled.
(and I said so in a feedback email too ).
It took a couple of days to get squared away, but it was not an emergency, and I had the feeling if it had been I could have called in voice and all ... but I'm a STRONG believer in not crying 'emergency' unless it really *is*

Anyway, VERY happy to be able to get back to using FTP / TLS again !!
BTW, for those using plain FTP .. I was surprised to see how many hops it took to get from my client to my site - my traffic typically goes thru 18 or so connections. Lots of places there for a clear-text account/password to be compromised.