OK, now that I am home I can make a proper post.
First and foremost, THANKS to everyone who gave me feedback on this issue. In the end as mentioned above it was a bad toggle switch solenoid. I had a few spares from two R-81's that I am also working on, so I swapped one out and Voila! Success! I did have to swap out the solenoid housing (proper term??? Metal brace that holds the solenoid in place) as the one from the R-81 has a slightly larger piece of metal that was interfering with the stop switch on the magazine.
Anyway, here is a video the machine in action, playing an A-side (seems the default with solenoid un-engaged is B-side, go figure). As you can see, the toggle switch solenoid engages as it should, then releases when the record is cancelled.
https://youtu.be/tegruTqe_goWith that done, I do have a few more questions regarding this machine. I want to ensure that I am using correct terms and truly know what is what.
This is this left (outer row) switch that engages the toggle coil

This is the right (inner row) switch

These are the cam switches (still a bit confused on which switch controls what function, but SURE that the one in the 10 o'clock position turns the magazine when egnaged).

Confused as to why, of all 5 cam switches, this is the only one with two wires attached.
