So I decided to document the Lynx II 5V regulator mod because a lot of people have done it, but a lot of the documentation is in german.
Background: This is how to install a 5V Regulator or DC-DC converter into your Lynx II to improve the 5V regulation. The original parts are prone to failure and aren't a great design in this day in age. When the original parts fail, the regulation circuitry fails and pumps 9V into the rest of the circuitry - not good. The original 5V mod called for a LM7805 regular which runs hot and there are a lot better options.
What you need to do this mod:
5V Regulator: A 1.0amp or better 5V DC-DC converter module. You can use various diferent regulators, but I chose a Recom R-785.0-1.0. You can get these at digikey (http://www.digikey.com/product-detail/en/R-785.0-1.0/945-1038-ND/2256218%20or%20Mouser%C2%A0http://www.mouser.com/ProductDetail/RECOM-Power/R-7850-10/?qs=YWgezujkI1LK5NzKL%2Fc9sg%3D%3D) or Mouser (http://www.mouser.com/ProductDetail/RECOM-Power/R-7850-10/?qs=YWgezujkI1LK5NzKL%2Fc9sg%3D%3D)
Diode: You'll need a diode as reverse voltage protection, but you can re-use one you remove, or replace it with something modern like a 1N4001.
Tools: You will need a soldering iron, a desoldering iron (or pump, or solder wick, etc), a hobbyist knife/scapel, hot glue gun. Of course you'll need solder and hot glue.
Wires: Some small gauge wires, I used pieces from a CAT5 ethernet cable.
First off, you'll want to make sure you have a 5V converter, like the RECOM. It's a 3 terminal device. On the left, terminal 1 is Voltage Input, the middle is ground, and the right is 5V output.
Open up your Lynx, and take out the logic board. You will want to examine it right near the Brightness Knob and AC power jack. There are 3 sections of parts you are going to remove from the board, they are highlighted in red. You're going to be removing D9, D11, D13, Q8 (near TP18), and the inductor coil below L14.
To remove these parts, I just used my soldering iron, some fine tweezers and the hobby knife to pry them up as I heated up each component. The inductor will have to be desoldered from the bottom of the board (it has 4 pads). You're going to want to save one of those big diodes for reuse.
Flip the board over so the the battery terminals are facing up. You want to find the large solder pad right below the top leftmost pad on the board.
Now comes the fun part. You need to sever the trace from the board heading to the pad with your knife. If you look very closely you can see the trace in the board (it's green and tough to spot). Dig in good with your knife. It will look like this when done:
Flip the board back over. Now you'll need to install a jumper wire in the top two pads where the inductor was, and a diode in the lower two pads. For the jumper, just use some copper wire or a lead of of some other component (like a resistor or old LED). For the diode, you'll have to put some solder down on those pads to plug up the holes. Very carefully hold the diode in place and solder it in. Make sure that the black stripe is facing to the right. If you reverse this, things will not work.
Now, take some of those wires, and you're going to need to solder them to 3 of the 4 diode pads you removed. I've marked this diagram in colors VIN, GND, and VOUT. I used a yellow wire for VIN, a black for GND, and red for VOUT.
Now flip the board over and grab your regulator module. You will need to also have a short section of wire to run from the upper left pad near the cut you made to the VIN (left) terminal on the regulator. The regulator will actually have two wires soldered to VIN. You of course then solder up GND to the middle and VOUT to the right. Secure everything with some hot glue and it should look like this:
Here's a look at what it all looks like done. This Lynx also has the McWill LCD mod which is why you see the other wires:
Power it up and test. If it doesn't work, check all your connections and double check that trace cut to make sure it was good.
I'll probably add more to this as I experiment a bit more.