Quoted from MaxAsh:
C29 replaced... no luck. I really appreciate you sticking with this and trying to help with the mystery @schwaggs . Hopefully we can track it down!
Nuts.
So you have good voltage and ground readings on the speech board.
Nothing changes when you remove the boards from the backbox mounts (floating the boards)
All the electrolytic caps have been replaced.
The hum goes away when the speech board is not in the circuit. (problem must be on the speech board)
This covers all the common failure points. Lets dig a little deeper and see if you can find the point where the hum is generated.
Put your meter on AC. One lead on ground. With the game idle (not playing any sounds, just humming), measure the voltage at the following spots:
Negative side of C29 on the main board - this is analog audio out
IC3 pin 1 on the speech board - speech filter stage
IC3 pin 7 on the speech board - speech filter stage
IC2 pin 7 on the speech board - analog and speech mixer output
Also, have a look at C1 on the speech board. Has it been replaced or worked on in the past? It is a tantalum capacitor from the factory. They usually last forever and very rarely fail but it can happen.