UPDATE:
I replaced three of the worst caps (I only had two of the 47mfd 16v caps around) and ITS ALIVE! It has a bone basic load of System 7.5.3 with all of the self-mounting disk images still on the original Apple 40MB hard drive. 8MB RAM installed. No PDS cards. The CRT looks brand new, there was a trace amount of dust and no corrosion inside.

This one seems to be fairly early in the production dates (the serial starts with F911 - 11th week of 1989?). I notice a number of small differences between this board and my later 1990 SE/30. For instance, this one has a socketed 68030 and a EEPROM for the video ROM.
I replaced three of the worst caps (I only had two of the 47mfd 16v caps around) and ITS ALIVE! It has a bone basic load of System 7.5.3 with all of the self-mounting disk images still on the original Apple 40MB hard drive. 8MB RAM installed. No PDS cards. The CRT looks brand new, there was a trace amount of dust and no corrosion inside.

This one seems to be fairly early in the production dates (the serial starts with F911 - 11th week of 1989?). I notice a number of small differences between this board and my later 1990 SE/30. For instance, this one has a socketed 68030 and a EEPROM for the video ROM.