You can test this diode in circuit. Battery out. Power off.
When testing diodes, remember black on band is when you should see the voltage drop, 0.2 for this special type of diode. Opposite way should be OL / no reading.
If you get voltage drop with the leads across d1 with red on band, the diode is bad. It's leaking reverse. Silicon diodes usually fail dead short, this is a special type of diode that has low voltage drop may have different fail modes like being reverse leakage.
You can probably get by with a 1n4148, but the ram chip will have roughly 0.2vdv less from the extra voltage drop. Williams used a 1n4148 in the earlier boardset and it worked fine. I'd probably get the right part, but if you want the game running for Xmas, go for it.