If I understand your question correctly, you're talking about Turing-like machine with a tape that is limited to some constant legnth (in your question 1000) elements of a final alphabet. The length of the tape doesn't depend on the input size (which would be the case for Linear Bounded Automoton).
In this scenario, the number of states that you can represent by the tape is constant. More specifically, if the length of the tape is T and the size of the alphabet is A then the tape can encode only AT states.
Additionaly, the Turing machine has some internal states (let's say that the number of these states is S). At each point the machine has some internal state and some state of the tape, so we can simulate the Turing machine with constant-length tape using an ordinary finite state machine.
To construct the finite state machine, you'll need to take all possible states of your limited Turing-machine. This is a combination of internal states of the machine (there is S of them) and the states of the tape (AT of them), so you end up with a finite state machine with S*AT states. That's quite a lot, but we don't care about that in theory - it is a constant.
So, my answer is that your limited constant-tape Turing machine can recognize the same languages as a finitie-state machine.