Update... I put in the RAM module from my other classic with the AB needing attntion and a pretty sad looking logic board, then went went to boot up again, only to get a garbled checkerboard pattern the same as I got on that Mac but without the vertical oscillations. Unfortunately I got yet another RAM error this time with the board running barebones, so it appears the problem is on the logic board.
Now having got an inkling that the RAM in the other machine was the fault all along, I went on a limb and put that nasty looking old board in the machine I am working on, and surprisingly it actually booted to a blinking floppy straight away, albeit with no bong which I presume is due to bad caps or a corroded contact somewhere (it is a really sad looking board compared to the one that was in the machine)...At that point I plugged the drives back in and this time it booted to the desktop no worries. Then I went on another educated hunch and put the RAM i initially pulled out ( not the checkerboard RAM), and surprise surprise it works as well. SO currently the machine is running next to me with a full compliment of RAM and no issues aside from the lack of sound... this obviously is not a permanant fix, but more a diagnoses of some secondary issues, and also a tangential point of interest, as I was initially just going to harvest that board of I/C's. Now I might clean it, recap it and see if I can get the sound working again after all.
Anyway, back to the original problem of my once good board, I have pulled it out and decided to have a really thorough look for physical damage or corrosion, or any shortsfrom forign matter that I might have missed, and happened to run across this on the underside... Have a look at the trace between Pin 7 of the RAM socket and R13, and Pin 8 to R12, where they run along parallel to the socket.
I cannot be 100% certain, however to me, that looks to be some sort of damage to the circuit trace... possibly resulting in a break or a short to the adjacent trace. Unfortunately , my iPhone is in potato-cam mode due to full memory, so I couldnt get the greatest picture but from what anybody can see, do I look to be on the right track here? Could it be as simple a fix as just running the connection formed by that trace or traces as wire?