I also had this problem with version 2.0 of the mod. Works well with TLaD but it crashes when loading TBoGT because of removed far blur. It is the lightest timecyc from gta 4, with no bloom or far blur effects, thats why buildings look so edgy and the mod can't create far blur and crashes. You have to edit / fix yourself the timecyc.dat from Eflc\TBoGT\pc\data folder.
The more exact lines are situated in the 11 column from right end. Look for the 0.141 value, and start edit the numbers under it. Here's the first step:
0.000 0.000 1.061 1.100 1.000 1.000 1.000 0.900 2.00 1.000 1.000 (TBoGT default lines)
0.216 1.000 1.061 1.100 1.000 1.000 1.000 0.900 2.00 1.000 1.000 (TBoGT fixed lines).
Take the values from gta 4 timecyc or from TLaD ( doesn't really matter) and by this method, copy - paste all the new values till you finish the last lines from Cloudy weather. The Rain,Drizzle and the rest to the end don't need to edit from what I remember, they already have far blur distance. With patience you will get the timecyc to work with mod and enjoy the game.