Okay, the line starts here to slap the snot out of me!
Finally got a chance to work on this unit again and while I was examining ALL the socketed chips, I noticed I had put the ROM chip in wrong, ie there were 2 pins on the front end just kinda hanging out!
Resocketed the ROM and no change. Tried a new ROM, making sure all the pins were in holes!), and suddenly I've got a very bright GREEN!
YAY a symptom change that I can work with.
Piggybacked the 4 RAM chips and no change.
Pulled the articulated, illuminated magnifier and started checking each RAM chip very carefully. Lo and behold, one of the RAM chips is missing a leg! REALLY!
Looking carefully at the bottom of the mobo, it is now very apparent someone along the way had replaced the RAM chips.
Guess my next step is to remove the gimpy RAM chip and replace it with a good one, check the soldering on the other 3 chips and see what happens next!
Curtis