From looking at the parts shown in the service manual, there doesn't appear to be a spring available that would serve to bring the lever back to the correct position. There is a little tension spring - 4 320 024 - that is connected to the "detent lever" - 6 862 018 - but it doesn't seem to have anything to do with returning the lever to any position at all.Good bit of info to know! It sounds like it may have a weak return spring.

Thanks for the question, @The Judge. I was measuring DC volts at the test points. But after endlessly fiddling with the shutter, I finally got it into a location that works 95% of the time. I have no idea if the electronics have any real effect on whether the arm lifts or not - and nobody has been able to tell me - but I'm OK with it lifting 95% of the time at this point. Thanks again for you question but it's up for sale at this point!Are you measuring AC or DC volts at the test points?
Thanks for under the chassis of the circuit board, the one I am fixing for friend half the board was broke to the left of the spring and the board was mounted to the under side of the bottom cover with wood screws...People's work just amazes me!!! This thing has sat in a basement for 20+ years and I did lower the variac to get the 16VAC, but should of put an inline fuse on the one side of the AC input. I fired it up the motor ran. I shut it off to start measuring voltages and smoke and 2 traces burned off. It took out the 4 diodes in the power supply, and the one 470uf cap reads way high and has high ESR, maybe that was the culprit. So far every other part tests ok. Not sure if the 2 IC's got hit. At least I have solved the mystery. Now to test it again...Alright I have gotten the auto stop to work! I learned a lot of things since I started this thread. Mainly, I learned that the auto stop doesn't work if you leave the knob in the "start" position. You have to turn it to point at 33 or 45 once the motor starts running. I didn't see this in the manual anywhere and had to learn it on my own which took forever. But I'm relieved I finally got it to work.
Secondly, I learned that the LED used here is actually an infrared, so that's why I couldn't see it. But with a cell phone camera, you can take a photo of the light. It's a purple color, pretty cool. I guess this one is around 950nm frequency at its highest intensity which is right where the optical sensor is most sensitive. I would not have expected this kind of technology from 1970s
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Also I solved a problem with the RCA cables. I wanted to install jacks, but I did not want to drill holes in the nice Thorens plinth. So I decided to buy one of those headphone jack to female RCA cables. I cut off the headphone jack and soldered each female RCA cable to the turntable. You can see in the photos they are just hanging out the hole in the case where the original cables came out. It's easy to plug and unplug the RCA cables, and I didn't have to ruin the nice veneer on the original Thorens plinth
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And one last point. While I had the table upside down, I put a few drops of singer sewing machine oil on the motor, right on the spindle. It took about half an hour with the motor running for all the oil to seep in, but the motor is now a lot quieter.