Thanks for the help/suggestions. I haven't had a chance to look at it since the last post. I am hoping to get some quality time tonight.
For anybody that is keeping score, there are 2 watchdog chips. One on the CPU board (U413 also a DS1232). The CPU watchdog drives the driver board watchdog via pin 13 of the ribbon cable. This is driven via transistor Q10.
Now that I have the path worked out, I just need to run the logic probe over it and see who is not doing their job correctly. If it were only that simple....
I have checked and the batteries were not leaking, I have reseated the ribbon cable several times, the CPU appears to be booting and occasionally it will stay working for several minutes before the watchdog starts spazing out.