you're right about the gantt chart looking thing for the sequence/timing diagram. Some of the late gtb EM schems don't have it.
the ABC stuff is just the types of switches: A=normally open, B=normally closed, C=make-break
if the letter has the circle above it, the switch uses large contacts.
does your bonus unit step down very rapidly ("machine gun firing")? If not, is the K relay powering and staying powered the entire time the bonus is counting down ... no release/repowering?
if K is not staying powered, can you post a pic of the zero switches on the bonus unit when reset, step 1 and step 2? iir, there's a make-break switch that must be adjusted correctly and the typical problem is when the reset solenoid plunger slams into the coil stop, the vibration opens the switch and the K relay loses power. You get erratic bonus countdown instead of a steady rapid cadence.
if K is releasing you shouldn't have the score reels doing anything when the bonus unit isn't decrementing if all the switches on K are adjusted ok.
because stuff is happening rapidly, it can be helpful just before triggering the bonus countdown to disconnect the score motor ... most games of that era had a "service plug" that let you disconnect. Then you can rotate the cams by hand and watch what is happening.
don't do the manual rotation when one of the 120V solenoids is going to fire ... if you rotate too slowly, the fuse will likely blow on those.