Hello,
Well, I guess that this kind of problem has not been encountered by many members of the forum :-)
I understand that it can be difficult to pinpoint that kind of problem over the internet.
I finally got the machine running with its old drive!
After some measurements on the drive having the problems described above, I thought that it may be related to the control circuitry so it was worth having a look at the original drive.
As I didn't get any field voltage when powering the drive (it should be present as soon as the drive enable signal is activated), and that when applying a voltage on the speed input the drive was trying to start the motor by outputting a small voltage on the armature (30-40 volts), the field control board was the first place to start looking.
I checked the thyristors, they were fine, the pulse transformers were not outputting anything to control the thyristors so I checked that the board was properly powered at the "top" of the pcb before searching too deep inside the schematics.
It was a good idea, because the problems was quite simple, the primary side of the 230-440V/2x24V transformer powering the board was open. That part of the drive is working almost independently, and is separately powered, so I took the (little) risk of swapping these board. After following the tuning procedure the machine was back making chips, well, there are some maintenance to be done now but I consider it repaired.
Here is the picture of the faulty transformer (in grey, on the left side) the fuse is dark, but that's because of the oily dust in the electrical cabinet, someone forgot to put back the fan's filters:
I couldn't find a spare, but I'm not in a hurry, I will probably adapt another transformer, maybe replace the small pcb which is mostly holding the few caps and resistors on the right of the transformer.
I'd like to repair the spare drive, now that I have a completely functional unit to make measurements. It may take a while but it's a nice way to learn electronics I think.
I hope that it might be helpful for someone, electronics is not always difficult to repair :-)
François