The power LED performs a cycle of one long and ten short flashes.
This means that the CPU, the Kickstart ROM and one of the CIAs are ok. There is another problem which causes the Amiga to crash, reboot, crash, reboot, crash, reboot...
The reason for the crash can be seen by the color on the montor. The monitor should show all one color. The meanings of the colors are:
red - bad ROM checksum
green - too few or damaged chip ram
yellow - processor exception before the exeption handler is initialised (this is usually a software problem).
It makes a strange whistling sound just after it's turned off
Well, replacing an old power supply by a newer one is always a good idea. Especially if the new power supply is stronger than the old one.
Bye,
Thomas