This is a strange problem. Usually, with power problems, there's the complete reset or a fully dead CPU rather than such a sporadic interference. Just thinking out loud here...
So, the voltages are theoretically good on the power driver according to the LEDs; however, there could still be some fluctuation in voltage from bad filter caps, etc. That might be enough to drop the 5v for the rebooting of the CPU.
On the CPU board, it would seem the LEDs are reverting back to boot up config when the die down occurs, so it is visible when the interruption is happening. Try powering down, removing all connectors except the power connector from the CPU and firing back up to see if the LEDs exhibit this behavior. If not, try replacing cables one at a time until the error occurs. This will help narrow down if you have a power issue from the power driver board or something else bogging down the system, a different cable or connector.
If the interruption occurs with just the power cable in, check for cracked solder joints on connector of CPU first, then work your way back testing and probing from the connector back through thr power driver board. If all power, solder joints and connections are within spec, there's a possibility the U9 reseat might work in this instance. At that point, it might be worth a shot, just make sure to buy the proper extraction tool.