I think this has to do with the PixelFormat EXIF tag being saved and related viewers capabilities. If it can't read one format, It most likely must fall back to another format else fail to open it. For example, these are all the possible PixelFormat methods:
0x5 = Black & White
0x8 = 8-bit Gray
0x9 = 16-bit BGR555
0xa = 16-bit BGR565
0xb = 16-bit Gray
0xc = 24-bit BGR
0xd = 24-bit RGB
0xe = 32-bit BGR
0xf = 32-bit BGRA
0x10 = 32-bit PBGRA
0x11 = 32-bit Gray Float
0x12 = 48-bit RGB Fixed Point
0x13 = 32-bit BGR101010
0x15 = 48-bit RGB
0x16 = 64-bit RGBA
0x17 = 64-bit PRGBA
0x18 = 96-bit RGB Fixed Point
0x19 = 128-bit RGBA Float
0x1a = 128-bit PRGBA Float
0x1b = 128-bit RGB Float
0x1c = 32-bit CMYK
0x1d = 64-bit RGBA Fixed Point
0x1e = 128-bit RGBA Fixed Point
0x1f = 64-bit CMYK
0x20 = 24-bit 3 Channels
0x21 = 32-bit 4 Channels
0x22 = 40-bit 5 Channels
0x23 = 48-bit 6 Channels
0x24 = 56-bit 7 Channels
0x25 = 64-bit 8 Channels
0x26 = 48-bit 3 Channels
0x27 = 64-bit 4 Channels
0x28 = 80-bit 5 Channels
0x29 = 96-bit 6 Channels
0x2a = 112-bit 7 Channels
0x2b = 128-bit 8 Channels
0x2c = 40-bit CMYK Alpha
0x2d = 80-bit CMYK Alpha
0x2e = 32-bit 3 Channels Alpha
0x2f = 40-bit 4 Channels Alpha
0x30 = 48-bit 5 Channels Alpha
0x31 = 56-bit 6 Channels Alpha
0x32 = 64-bit 7 Channels Alpha
0x33 = 72-bit 8 Channels Alpha
0x34 = 64-bit 3 Channels Alpha
0x35 = 80-bit 4 Channels Alpha
0x36 = 96-bit 5 Channels Alpha
0x37 = 112-bit 6 Channels Alpha
0x38 = 128-bit 7 Channels Alpha
0x39 = 144-bit 8 Channels Alpha
0x3a = 64-bit RGBA Half
0x3b = 48-bit RGB Half
0x3d = 32-bit RGBE
0x3e = 16-bit Gray Half
0x3f = 32-bit Gray Fixed Point
I haven't checked what PixelFormat Terragen uses, but I imagine it's something pretty high fidelity to it's source. And I do know there are all sorts of TIFF readers with all sorts of functionality, some more then others, and I think very few have "all capabilities" because it should only follow under scope of common use. Doing a search for C based readers, and I found tons, ranging in all sorts of character lengths showing a huge variance of code complexity/libraries used.