Upon further inspection it seems as though I installed one of the PN2907A transistors backwards. Currently in the process of desoldering. Hopefully this fixes the issue.
*Update*
Removed the PN2907A and it broke - email has been sent for replacement part.
Would the transistor installation have any effect in the LED illuminating? I did go and reheat the solder joints on both the Small Board and on 5U and the LED didn't illuminate.