That would be better! (Thanks!) It would also require more EE type work. The red and yellow elements were supposed to blink, out of phase whith each other, so that sometimes they were on together. I can wire a battery through a resistor to a LED, but I think you'd want some actual circuit design (and probably a custom PCB) to cram that much into the P1... It is a bit beyond my electrical skill at the moment.
Ok yeah, checked and that is indeed the right part. And I am right there with you about it being more circuit work - which is why mine is still in its little baggie, instead of in a phaser :lol
Before locating that part I originally built mine with a clump of red and yellow blinking T1 LEDs under a diffused lens for a similar effect... but it still isn't "right," which is maddening! :wacko