Haha, that's great Pete! I would cover all of it, apart from the fusible resistor, in hot melt glue or similar, to give it some structural strength and prevent it from touching other parts. But you've got it, and you even replaced the bicolour LED with two red ones in anti-parallel. I thought you said you were a novice!
OK, do you have a multimeter? What make and model?
You can start by measuring the output transistors. The basic test is collector-emitter resistance. Transistors should measure open circuit from collector to emitter. So set your multimeter to the highest resistance range (probably 20 MΩ) (or if it's an auto-ranging meter, just set it to the resistance range) and connect the probes between the collector (case) and emitter of a transistor. Try the multimeter both ways round. If the multimeter reading changes from "0L" (or whatever the multimeter shows on resistance range when the probes aren't connected to anything), the transistor is probably faulty. Although a very high resistance may be acceptable for a power transistor.
Don't touch both multimeter probes while you're making this measurement, otherwise the multimeter will measure the resistance of your body. This isn't dangerous at all, but it will affect the measurement. You can touch ONE probe - the one you're holding to the transistor's metal can - but only hold the plastic part of the other probe.
Here is the pinout for this package, which is called a TO-3.
Let me know the results, and also the make and model of your multimeter.
Also, keep track of whether there are any plastic or mica insulating pieces used with the transistors or the bolts that hold them. You will need to get new ones, and fit them the same as the old ones were fitted. Also keep track of where the white heatsink compound was previously spread.