Your sequence should be -
Wait light comes on
some time passes
clicking sound (that's the relay cutting in and out keeping the plugs hot)
eventually, the clicking will stop and your GPC will stop cooking the Glowplugs.
When it does start, is there smoke? Does it lope like it's running on a few cylinders and then smooths out?
Lots of people know what they are doing here more than I do but if there's smoke it's probably intake issues, if not - could be fuel delivery issues. Can't smoke without fuel.
When it doesn't start does it try to start, or does it do nothing? If nothing, that's no fuel assuming GP are hot. If you have fuel and bad air mix you'll get smoke.
I don't know how to check your injector pressure and IP output but that would be my next diagnostic check. Your GPC sounds to me like it's making the sounds it should make when it works.