Yep, that's corrosion. Usually best to completely remove the battery holder from the board if one or more of the contacts is corroded & there's also some corrosion on surrounding traces.. just to check underneath. Then clean up the affected areas. I usually spot-sand after removal of affected components, then use an acid brush to spot-clean with distilled white vinegar, then water, then isopropyl. Following that, replace components and either tin with solder or brush on conformal coating I bought in a bottle years back. You can use clear nail polish too. Just apparently not a great idea to leave sanded traces exposed as it's said the air will allow corrosion to continue or come back (that said, I've not experienced that *yet*).
I don't know those boards well, but I can't imagine the 18v lamp circuits being in that area of the battery holder or memory. That said, if the memory is wonky it could do weird things on some boards. Not saying that's it, but it's easy enough to swap the NVRAM with the old SRAM chip or memory from your other game to see if it makes any difference at all in how the board is functioning.