He pgifford,
Couple things about your Dragons Lair... First, if you're seeing that light on the LD player, that's BAD. It means the cover to your LD has been lost, which means dust is going to be getting in there, and causing all sorts of havok.
If you're talking about something else, then ignore the above. Your pictures link isn't working, so I can't see any of the pics.
I'd like to know what kinda LD player you have in there, and if it still works, though. I'd be interested in it if it does... I've been looking for a replacement for my DL for a long time now.
They are a major pain to restore, you'll probably have to get new EPROMs and have them programmed, typically, they will have been erased slowly over time; Given the age of the machine and condition of the cab, there's bound to be UV seepage which will eventually erase the EPROMs.
The LD players are persnickety as well, and you have to fuss with them on occasion. They are hard to find... BUT, you can buy a LaserAce conversion card that will allow you to use some newer-ish LD players that don't suffer a lot of the problems the 8xxx series and LD-V1000's suffer. It costs about $250 though, and there's a huge lead time on ordering them. THen you have to track down a compatible player. If you've got a Rev.C or older board, you'll have to make some modifications to the PCB if you want to use an LD-V1000 without the LaserAce, but it can be done as well to save on cost. This is a dangerous way to go.
Anyway, I'd definitely like to see pics of what you got...