J2 on power supply to J1 on CPU board -- that is output from power supply and the absence of that cable won't affect LED's.
Check to see if you have good power coming into the power supply. Always make sure you have good power at TP4 BEFORE installing power J2 to CPU board cable.
LV input -- Measure voltage between E4 and TP3. Should be an unregulated 12V (ballparked at 12V).
LV output -- if LV power in is good, measure voltage between TP4 and TP3. Should be regulated 5V (roughly within a half volt). Once you have a voltage at TP4, you can bump the voltage up or down with the potentiometer. Be careful doing this - going too high will trigger the crowbar circuit (SCR1). Crowbar circuit is an over voltage circuit that protects the CPU circuitry, it kills the 5V if it detects too high of a voltage. Only way to clear the crowbar is to shut machine off, turn pot back down and then turn on again. Once you get that going, dial in to about 5.05V.
HV input -- measure voltage between E1 and TP3. Should be unregulated at about 76V.
HV output (larger displays) -- measure voltage between TP1 and TP3. Should be 60V within about 5%.
HV output (small display) -- measure voltage between TP2 and TP3. Should be 42V (should be voltage measured at TP1 minus 18V).
Is the connector that connects to driver board's J4 tucked down into the machine still?