Am 06.11.2014 um 13:51 schrieb Alan Bowen <bowenalan03@gmail.com>:

Sorry, Wolfgang. I cut too much—

\definefontfamily[mainface][serif][Antykwa-Poltawskiego]
[protrusion=quality,
expansion=quality, 
mode=node,
smallcaps,
force=yes]
\definefallbackfamily[mainface][serif][IFAO Grec Unicode]
[range={02BB-F8FF,10140-1D513},
protrusion=quality,
expansion=quality,
mode=node,
  kern=yes,
force=yes,
check=no,
rscale=0.95]

\setupbodyfont[mainface,10pt]
\definefont[Greek][IFAO-Grec at 10pt]

\starttext
 ἔφεϲιϲ and τελειότηϲ
 
 {\Greek  ἔφεϲιϲ and τελειότηϲ}
\stoptext

still fails. What I get is:
        φει and τελειτη

       ἔφεςις and τελειότης 

Note that the sigmas in the second line are now incorrect too.

You have to put \definefallbackfamily before \definefontfamily.

Wolfgang