During the 4th and 5th flash the CPU will logically try and flip all the ports of the PIA and then read back the PIA to make sure they actually flipped. You may even notice the continuous solenoid pull in briefly at this time and the sound board may squawk. If solenoids lock on at the 4th or 5th flash the PIA is probably bad or the CPU cannot access it properly due to a bad IC socket, busted trace, two output ports shorted together.... etc.
U11 controls solenoids and is in the "corrosion zone". So it wold make sense to look around there. If you have a known good PIA you could pull U11, give a good visual inspection for problems like snapped ic socket contacts. Then set the known good PIA at u11 and boot test again.