I realize this is years too late for the OP, but I have an SAE Mark 1M preamp (pretty much the same as the 1B but with VU meters instead of an EQ) which had the exact same symptom - no sound/output whatsoever, despite cleaning all controls and the power clearly working.
The solution in my case was to insert shorting pins into the Phono 2 inputs, or simply plug a turntable into either Phono input. (It probably doesn’t even need to be a turntable; any old interconnect, whether attached to a source or not, plugged into either Phono input should do the trick.)
So for anyone with an SAE Mark 1-series preamp with no output, I would try this as a first step in troubleshooting (besides cleaning the controls, which they all seem to need desperately at this point in time).