Here's an update to my PL420 speed control problem (long):
TL;DR: For speed problems on direct drive Pioneer PL turntables reflow all solder joints on the motor if cleaning the speed pots and speed selector switch doesn't work.
The erratic spinning returned.
I have somewhat limited experience troubleshooting electronics but I went ahead and took the turntable back apart. I tested the continuity of the wire leads and used jumper wires to bypass the speed adjustment pot and speed selector but I still had erratic spinning, and to make things worse suddenly the platter started spinning ridiculously fast - a run away motor situation.
I put the turntable away until this week when I was inspired to pull it back out after noticing that the PL5/PL420 service manual had a troubleshooting flow chart specifically for "Motor runs away"
The first step listed is to check that the Vcc voltage is 28.8v DC.
Mine read just over 30v DC and my readings at the lone voltage regulator transistor 2SD985 (B: 30.6v, C: 44.4v E: 30.6v), were all higher than the specified voltage (B: 30v, C: 38v, E: 28.8v) The service manual says that if the Vcc isn't 28.8v then your power supply is bad full stop. The AC voltage from the transformer was 33.8v which seemed high, but there was none specified. Was my mains voltage too high at 123vac at the outlet?
I guessed that some component(s) probably needed to be replaced in the power supply, probably a capacitor, maybe even the darlington 2SD985 transistor? I bought a 1000uf/50v electrolytic capacitor and the replacement 2SD985 transistor online. I also bought a cheap TC1 multi-function tester. After pulling and testing all of the components of the power supply and replacing the transistor and filter cap I still had a runaway spinning platter.
Convinced that my power supply was still at fault for overvoltage, I disassembled my working daily driver Pioneer PL7 turntable (nearly identical to the PL420) to compare the power supply voltage. Wouldn't you know it, its Vcc voltage was even a bit higher than my screwed up PL420!
I figured the power supply probably wasn't the issue after all.
Looking at the PL420 motor I noticed how stingy they were with the solder on the backside of the PC board.
After simply reflowing all of the solder joints on the back of the motor the platter now spins up to a rock steady speed, just like new.
I must have had a cold solder joint somewhere all along.
So if your PL series Pioneer direct drive turntable (with a speed adjusting knob) spins erratically it's still probably just that the speed adjustment pot or speed selector switch needs cleaning with contact cleaner. But if you still have problems after that or if your direct drive table doesn't have a speed adjusting knob I strongly recommend reflowing all solder joints on the motor pc board before you start replacing things. It honestly doesn't take too long to add solder to ~95 joints, maybe 30 minutes or so and you eliminate a bunch of important variables for almost no money.
TL;DR: For speed problems on direct drive Pioneer PL turntables reflow all solder joints on the motor if cleaning the speed pots and speed selector switch doesn't work.
Pioneer direct drive turntables that this may apply to: PL4 PL5 PL7 PL200 PL200X PL220 PL250 PL255 PL260 PL300 PL320 PL400 PL420 PL430 PL720 PL730 PL930