Thanks very much for your help. I tidied up some of the dodgier solder joints, re soldered a few of the wires on the foot switch, and cleaned the board with isopropanol, with the result that the effect now works (partially).
I should have time at the weekend to do a bit more troubleshooting and test some values of the ICs, but I've listed below what does and doesn't work in case anyone can easily see what's wrong just by seeing these symptoms.
When engaged, there is an octave down mixed with the dry signal (with a fairly noticeable drop in volume - although I suspect this may be normal having read some other posts).
There is less octave down volume than I would like (a maximum of about 40/60 octave/dry signal with the mix pot turned counter clockwise). I suppose it could be possible that this is due to the little 10 watt practice amp I played it through.
The stabilizer appears to work
The mix control works (although the volume increases as it is turned clockwise)
The bass only switch changes the sound but doesn't give a bass only effect (still a mix of dry signal and octave down)
Pretty sure neither the green ringer or tone control do anything.
The main effect LED still does not light.
Any suggestions on what may be wrong or components I should be testing would be very welcome. Please be gentle, I'm a complete newbie who's probably bitten off more than he can chew...