There's nothing special about the mod, for switching between 4 options you just need a 2 bit counter. Then one of the bits is just wired to a bicolor LED... "We are the only company in the world that does these modifications" -- that's a bit of a stretch!
I'm not positive but I think the reset signal is debounced, which means it's directly suitable for a counter without an additional debouncing circuit. Most likely the cleanest signal is directly at the CPU, which is 68000 pin 18.
Edit -- fixed:
You may want to use a 1K resistor on the LED since the chip is supplying the current, and some won't source enough for a LED. You can move the LED arrangement to either jumper 1 or 2, and if you want the colors switched, just flip the LED. When you're connecting the jumpers, make sure the old ones are removed and that the chip outputs go to the signal side of the jumper, not GND!
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