An E-Mu II came in via Ebay that looks to be this unit. The power supply issues were the result of a bad quality previous repair, and although ugly and cold soldered, (and unsafe due to the bypassed missing fuse-holder) not the root of the problem.
The "no booting" issue was due to it not being able access memory, and the culprit was one of the Z80PIO's (not that this is a cure-all, just happened to fail in this case).
After I re-worked the power supply I figured I would complete the thread for anyone interested.
Chris
www.thisoldsynth.com