>Games is great but throwing the “Clock is broken” test message upon start up. I’m assuming this is a newly upgraded board as it has LEDs?
Yes from your photos this is a new-style board fitted with LED's instead of bulbs.
>All the connectors look fine and LEDs work. Upon further investigation I have determined none of the optos are working. Any suggestions on where to start?
If you've just moved the game I would seriously suggest re-seating the connectors and see if that helps at all and checking the wires. Even if they are connected re-seat them just to be sure.
>I don’t know if this would be a fuse issue, I checked all of them and they appear fine. I used a qtip and some windex to clean the opto (tight space). I disassembled the clock and ran a switch edge test and none of them respond when slipping a credit card between them.
Have you actually tested the fuses with a meter? I've visually inspected fuses that look fine and then testing them with a meter they are shot, always best to do test just in case and replace any blown ones. You appear to have done the right thing to test the opto's, if none of them are responding I would imagine either like you said blown fuse somewhere or a bad connector that needs reseating and possibly replacing. Here is a link to the manual: http://mirror2.ipdb.org/files/2684/Bally_1993_Twilight_Zone_Operations_Manual_OCR_searchable.pdf
>Also, what is the function of the clock and the optos? I’m assuming is has something to do with scoring. Not sure where to start.
The clock is the 'timer' for modes, you will see it move forward to a time and then count down back to 12 when the mode finishes, it also moves around for other things. Initially it was meant to do more but I believe they cut back on features it had due to budget. The optos tell the game where the hands are positioned, either at 12, 3, 6 or 9 as it moves them to different times for different modes. With none of the optos working the hands will never strike any positions and the game will get confused and likely make a best guess at where to move them to, also why you are getting the 'clock is broken' error. Very common on TZ.
>The clock is also very noisy when it turns on. Is this common? Should I try greasing the gears?
Debatable, I've seen people do things like apply very tiny amounts of teflon oil but the consensus mostly is don't lube or grease the gears. My TZ clock is noisy as well but it works so I've left it alone. Unless it was getting jammed or something else was going on I would not recommend it, and even then I would start by dissasembling it and looking at the gears etc.