In most cases I have no activity on pins of channel 1 (P1.X) where communication with ROM should be.
Is port 1 actually connected to the ROM/RAM devices?
My understanding of the data sheet says...
Port 0 is also the multiplexed low-order address and data bus during accesses to external program and
data memory.
and
Port 2 emits the high-order address byte during fetches from external program memory and during
accesses to external data memory that use 16-bit addresses.
In the past I have repaired two PM4600's one for VFD problems, the other was failing to startup, like your current situation, unfortunately I can't recall the specifics of how the repair went. And I currently own it.
Edit: found app note AN457 (but not on NXP's site) look at Figure 20, the 74HC373 has to hold the low address while the MCU presents the data byte.
Check the 373 output for an address, may need a LA to do that.