You can't imagine how happy I am to see that you managed to get rid of nearly all the problems I had with this unit!
Well, I had a feeling it could be repaired, and am having fun doing so

Well, now you have distortion, but I hope that you'll find out the problem as quickly as you did for the noise! And I think that the distortion becomes less present if you lower the volume of the unit (which wasn't the case with the permanent noise)?
Correct. The whine was there whether something played or not. This problem is relative to the volume level.
EDIT: I have a very dumb question: I hear the same distortion level on both of your recordings! Are you sure that it comes from the unit?
Yes, because the sound level isn't even close to the maximum input level on my sound card. Here are two pics from a "sound card" oscilloscope program, showing a 1KHz sine wave from the test mode:
Bad MT-32

Good MT-32

The clipping is quite obvious, but it's not due to my sound card or it would have clipped on the good MT-32 as well.
I'm guessing there's something wrong with the amplifier circuit or it may even be the DAC itself.. I need a real oscilloscope to check this, so it won't be this minute.
Those new LCD ribbon connectors ought to fit like gloves onto the CM-32L/64 display headers too...
Have you actually looked at the headers in the CM-32L/64? Anyway, they swapped the pins around so it's not as simple connecting what I've got, but yeah, it's easier to make an adapter now
