Okay, more came to light with fresher eyes. While I was probing for voltages, I noticed the lights began to alternate when I probed pin 4 on the 4069 so I reseated it and the leds began flashing as expected.
Based on the voltages, there may be a problem with the 4070?
40106:
1 - 0.002V
2 - 8.8V
3 - 0.002V
4 - 0.002V
5 - 8.79V
6 - 0V
7 - 0V
8 - 0V
9 - 0V
10 - 0.001V
11 - 8.63V
12 - 0.029V
13 - 8.52V
14 - 9.11V
4069
1 - 4.308V
2 - 4.331V
3 - 4.243V
4 - 4.29V
5 - 0V
6 - 9V
7 - 0V
8 - 9.1V
9 - 0.006V
10 - 0.006V
11 - 0.006V
12 - 4.335V
13 - 4.339V
14 - 9.11V
4070
1 - 0.002V
2 - 0L
3 - 0L
4 - 0.002~0.02V
5 - 0.04V
6 - 0.03V
7 - 0V
8 - 5V~0L
9 - 0.2V
10 - 0.01~2.4V
11 - 0L
12 - 3~5V
13 - 0V
14 - 9.1V
I also noticed that if I bump the volume pot, there is an audible noise. Might just be because I desoldered the output and jumpers it with alligator clips though.
The trimmer is at midway and when rotated influences the alternating lights.
If I'm understanding correctly, I'm not getting the modulation because the 4070 may not be behaving as intended?
I uploaded the photos
here.