I'm not an expert but IIRC if the Mac can boot with a floppy then the SCSI chip isn't dead. It checks SCSI devices during startup and if the chip is bad then it won't display that blinking disk. It will just hang there with nothing but a pointer.
I also think the caps are to blame here. Give it a good wash and a good recap and it "should" work.
My SE/30 lost the use of SCSI. Uniserver recapped the mainboard and cleaned it and SCSI worked again. I'm not saying that this is your problem, only that it may be your problem. It is worth getting your mainboard re-capped anyway.
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