I am answering my own question to help anybody else with this problem. I have since discovered the replacement electronic PCB speed control is not for my earlier centrifugal system speed control on the end of the armature, but for the later model which uses a magnet on the end of the armature. The solution is to find a good motor assembly and replace mine or get the old board mended, which seems a better option.
Mr Dowe, November 2009