First off, the reed switch is not a fix. I tried this, and the vibration in this area causes it to be more inconsistent than a bad opto. I tried with foam, and all kinds of padding to reduce the vibration, I had the reed switch even just sitting touching the bracket overtop of the entry, and it would go off with the slightest vibration. Maybe these are different, more sensitive ones than what pinballrebel used, but a friend of mine that had the same issue, and restores machines noted the same issue with the reed option.
Second, I can’t tell if you confirmed the entrance switch is working and going off every time. This should be obvious with the Lauren Belle air horn and visual on the DMD, which becomes quite annoying when you are dealing with a problem there, as I’m sure some people here can attest to
The only option is to take out both sides of the opto (you might as well fully shop and re-rubber, as everything’s coming off to get at these), and replace both sides opto LED’s. Most problems are due to the optos being misaligned from vibration, and/or from vibration cracking the solder connections for the optos (common on all optos on machines). This machine sees a crap load of vibration because of the VUK right there. I read these had to be pulled from tournament play right out of the box because of issues with the VUK messing this opto up.
Make sure there is fish paper behind them so they don’t ground out on any of the metal parts in close proximity. After you put them back in, align the optos. I find this to be best done for stern optos with a piece of regular white paper. You can then see where the red light is shining to over the other side of the opto when placed in between, and precisely position the emitter to hit the receiver dead on.
As for the slow movement, with a new motor, this is concerning. I would see how fast the gear for the belt moves now, and mark a spot on the gear with a marker, and time how long it takes for 20 cycles. Then remove the belt, and do this again. If there is a significant difference, the problem lies in the shaft for the paddlewheel. As I mentioned in the fan thread, when I shopped mine, I removed this, cleaned it all, and re-lubed with 3m synthetic grease. I noticed a slight speed up I thought, but again, mine moved fine before, and I had no issues with this.
If there is no change in the timing with the belt off, then look to the mech with the motor. I would have to look this over again to see how it works, as this is a different set up from the standard motor/gearbox that b/w used. Maybe something was tightened in strangely and is affecting how the shaft moves. I would try losening it all up, and re-tightening. I would also look at the molex connector for the motor, measure the voltage to this, and reseat this connector. After this, I believe there is a motor board with a relay that can go bad and be intermittent from vibration as it’s under the PF. I’m guessing this is not your problem, I can’t see how this would slow it down, it would cause it to just not work, or be intermittent.
Failing the above, maybe look to a rom update. It’s possible an early rom did this behavior, and a later revision accounted for a delay in this routine. Maybe post a vid of this so everyone else here could view the speed and let you know if this looks slow to them, or if the ball search is starting prematurely to what they would expect.
One other thing, is the ball still in the wheel when the ball search occurs, or has it rolled into the boat? The optos in the boat for the locks need to be aligned just the same, and suffer from the same issues with vibration, and may need to be reflowed/replaced.
Again, maybe post a vid of the whole process, and we can eliminate a few options likely.