Quoted from jlbintn:Replaced SW1. Still does nothing when pressing it. Not sure if it's supposed to do anything
It should work. Verify continuity from the switch to ground and to CPU pin 4. If everything makes it where it is supposed to go, here is a possible clue:
"My Stern Sea Witch with a M-200 MPU has a problem where it will not boot on occassion. Also the bookkeeping and high score reset button has no effect. There is no MPU board corrosion, and the reset section of the MPU has been totally replaced."
This person solved their problem by replacing the U9 6800 CPU chip. Apparently the NMI (non-maskable interupt) circuit inside the CPU chip was damaged, maybe by static from a poorly grounded coin door. This CPU problem did not show itself immediately, and let the MPU board function for the most part. The non-functioning reset switch was the give-away here, since this switch connects to the NMI circuit on the CPU chip."
It could be a stretch here, as far as a bad CPU goes, I know. If it were me, I'd be concerned of what else might be problematic if the CPU IC itself has a defect. You can also directly ground the NMI reset pin 4 on the CPU to simulate the switch circuit.