Thanks everyone for your work in locating the culprit for this. Mine was that 20-pin socketed chip located between 6A and 7A on the System 1 (upright) daughter PCB (labeled 136048-1172). On the cockpit model it's located near 2D, and I can now confirm that this chip is the same for both cockpit and upright, just a different location. I'll let the before and after photos speak for themselves.
So it seems this chip along with the SLAGS might be common failure point's as I've seen quite a few members here have had the same exact problem. I wonder if these chips can be reproduced? In the meantime I'll be keeping my fingers crossed that this one doesn't fail.