Yea my A500 has got red caps lock & a power light, with a green floppy indicator, mine also has a commodore logo instead of the "Commodore Amiga A500" tag thing above the lights.
I would really like why it is designed like this - its intriging........are these model very early one's or something?
The reset problem may be due to the extra board being not seated correctly or even faulty, try removing it and see what happens then.