Do not overlook also your 3V battery since its a 5 year old computer. Since you cannot get past POST screen and computer suddenly shutsdown. The RED light you posted might mean and ORANGE blinking. Since you have made changes to major components of your CPU and tested it with same results. Try reseatting the battery after 10 mins. or better replace it. If ever it runs and shutsdown for 5 to 10 mins, then its most probably a thermal issue. If CPU runs without video display, its most likely your on-board video card or motherboard components(capacitor,hopefully).