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Here is a more audible video, I definitely plugged it directly to my computer this time
Yes, this was also audible in the previous video, when the hard drive didn't beep during the first attempt to start. The good news is that the board is most likely repaired and in good working order. The hard drive heads are also likely fine - the drive sounds like it's going through the initialization process smoothly. I'm not sure about the rhythmic clicking noises that follow. It's possible the drive is performing some kind of internal diagnostics, which is normal, or it's a sign of a problem. I haven't encountered such drives, so I can't say for sure.
Also, the fact that the drive is freezing the computer is partly good news, since the connection between the computer and the drive is established and the computer is simply waiting for the drive to respond. Give it 5 minutes, and it will continue booting, although it most likely won't detect the drive.
You can, of course, further diagnose the drive - very old computers from the Windows XP era and programs like MHDD or Victoria for DOS are best suited for this. You can also connect to the drive using a USB-TTL adapter, which costs about a dollar. You might already have one, judging by the soldering equipment and adjustable power supply. However, I'm not sure if these drives output anything to the diagnostic terminal.
The bad news is that if it's a software issue, you won't be able to do anything with the drive without specialized equipment like the PC-3000. But then again, for professionals with such equipment, it probably won't be difficult to restore the drive to full functionality.
I hope that people who regularly deal with such drives will check out this thread; they'll probably know better what to do.