Well, after a good nights sleep and an chance to ponder it a bit, my eyes were opened!
I had forgotten when I picked this up, the previous owner told me there had been some battery damage before he removed the old leaky battery.
So, looking at that area which is where the audio filter circuitry sits, I noticed remains of battery damage that has been cleaned up, but not repaired!
Hmmm.
Yeah, I kinda feel stoopid!
I'm including a picture...