Thanks to those who replied - I believe I've now resolved this problem.
I managed to find a PDF of the "CF126 designers' guide" on line which shows that the inhibit lines from the MPU are to be high when inhibited (the CF input expects the MPU to sink current when not inhibited so any broken connections would also be interpreted as inhibit). However, when I put a meter on the inhibit lines from the MPU they were all low (500mV).
So, using the DIL and rotary switches on the CF126 I reprogrammed it to 'not inhibit' £1 coins (not sure why there are 2 £1 coin channels) and cleaned the coin path (where 10p coins were sticking) and it now works!
I also found that someone had wired the lamp strobe lines 8, 9 and 11 together (well, they're all yellow so why not?!) so undoing that restored a little more sanity. I now need to replace the blown lamps (at least 30 I'd guess) and fit a replacement refill key and it looks like this machine might be restored to health.
Cheers all
JRWR
P.S. Does anyone know if this machine is rare or desirable? I estimate it's cost me £15 (machine) + £15 (new Scorpion 4 MPU) + £4 (refill switch) + £7.50 (100 bulbs) to repair. Am I likely to be able to sell it for £41.50 or more?