I agree with Necromancer.
Gotta start at the basics and work you're way up. Replace the caps, check the power supply is providing proper voltage, pot adjustments and then checking traces before replacing the HOP-M3.
I was in a similar boat and people on these forums told me to not replace the HOP-M3. I did the recap myself and it was like a brand new system after that. Although I still had cd-rom reading issues. I again was gonna jump at replacing the HOP-M3 and I was told to try my pots first. So I did and now everything is working as it should.
New caps, new grease on the gears, adjusted pots, and have a component and RGB mod now. So, start at the basics make sure the underlying system is good before messing with the HOP-M3 or doing any other mods if you plan on heading in that direction.