Dropped off the 5151 today, and apparently the guy kept an old IBM as a conversation piece.
When I go back to pick it up, I might make sure to ask a few more questions

Felt confident dropping it off, he knew what it was and recognised it, and already has a theory as to what's wrong.
Should hear back in a few days when he gets to it. Left him my Concord XT286 without drives as a test bed but he seemed 50/50 weither he'd even need it or not (think he has quite a few bits out the back).
Trialed my new 5150 board - it looks prestine, genuine IBM RAM chips even, no black dots on any capacitor or (like my XT) legs where capacitors once were. However I can't make it beep. Tested with two PC speakers (both read 8 ohms), and two power supplies (63W original + 200W 386 PSU). Wont initialise my VGA in 8 bit mode but neither did my 5160 (but the XT286 is fine with it) - thought the 5150 might be ok since it has a V20 CPU - will need to see what happens when I get my mono monitor back.
Switches seem correct and I've tried different options for SW1 5&6, but I at least expected beeeeeeeeeeep chirp chirp.