Memoryman, very interesting. I made an assumption and thought the "1M" in the part # meant 1 megabyte because the original bubble memory also had "1M" in the name. I have attached a photo of the 2 boards I have installed in the machine at the moment. The 2nd slot is a 256 BMU and was always in there.
We finished transcribing the tape and error checking. We had a few errors installing the homemade file, but ultimately we were able to get the machine to boot from the hardware config shown in photo and now the CNC shows/moves all 5 axis.
Because we have the sister machine documents/files to compare to the differences between the 2 machines was approximately 500 bytes of data. Most certainly the tape labeled "system parameters" contains some sort of hardware specific setup. The other approx 12,000 bytes are identical to the sister machine.
We just got the CNC to boot about 30 minutes ago. We now need to load the programs and find out if making parts is possible or we have other issues to work through.