I've mentioned some of this in email, but I'll rehash here for the forums sake.
Next time we head down to Huntington, I'll stop by and look at it. Until then, your DMM is your best friend. Go thru the power supply tests in the pinrepair guide.
The lights coming on don't have anything to do with the boards. The GI lighting comes direct from the big transformer. Since you have absolutely zero booting action, odds are high there is a problem with the power supply.
Check your fuses, check the voltages at the power supply connectors, check the connector between the power supply and CPU, check the edge traces on the pcu for that connector.
The guide on these machines is really well laid out, and there is a whole section on modifications you should do before powering on.
And the most important thing to remember: if you do get booting action, pay close attention for locked on coils. If you see any, shut the machine down quickly.