The lamp matrix is telling me your problem is most likely with the left boat feeding frenzy (38). Often the problem is at the intersection of the column and row of non-ghosting lamps. In your case column 3 and row 8.
Turn the lamp test to that light and make sure that's the light you are thinking it is. If the left boat feeding frenzy is active then you have the right one. Check it real close including the diode, look for breaks. If it's a different light active then someone moved some things around. The one blinking IS the left boat entry but it's been accidentally moved to a different spot during a previous repair job. Check it closely and AFTER you resolve your problem move it back to the right spot. That way you don't complicate things by inadvertently creating a new problem while moving it. Solve your initial problem first.
I learned all about this while troubleshooting a similar problem on mine. The guys here (terryb and viperrwk) helped me figure it out and learn all about the matrix. In my case I had installed a lighted launch button mod and not used diodes.
Edit: Corrected an error and added more details.