You cannot be sure that a translation will use the same number of lines as the original. So, I don't think having an external "scroll control" and applying it to both tmemos or make one a slave to the other's scrolling would work. As you scroll down, they will get out of sync.
You need a key or token in both in the content and drive the second TMemo to display the same token. But doing that unobtrusively will not be easy. Using KMemo (or, maybe TRichMemo) would allow you to embed invisible tokens between, for example, paragraphs. But big paragraphs ...
I am guessing that the user expects to type into one or both TMemos ? And could delete a token...
If both are read-only, easy, just put a "para 1" token between every para, ugly but effective. I would not use it !
Davo