Sounds like the built-in video controller( sixty-six ) maybe the trouble.
Could be likely as these logic boards are pushing 30.
Tho it could still be a CUDA issue, Apple had a warning about only pressing the CUDA reset button ONCE before a clean boot, so if you pressed it multiple times before you got a good boot, that could be an issue.
With New World Macs, fixing that, bad CUDA reset, was as simple as pressing and holding the power button until the system booted in to Open Firmware with the defaults loaded.
I'm sure there is some trick to recover Old World machines from a bad CUDA reset, but I'm not sure what it is.
Could try, make sure you disconnect all plugs, leave nothing plugged into your Mac, not even a KB. Open it, with the Battery installed, press the CUDA reset once, plug everything back in, and see if it boots.
Some other thoughts:
Old World Mac's default to the serial connection for Open Firmware, if you have another OWM with a serial port you could try Two-Machine booting to see if you can get into Open Firmware on the 8600 and find the issue.
Somewhere is the old docs on how to do that if someone would dig them up?
Also, if you are using a Apple display connector to VGA that has switches on it, make sure you didn't inadvertently switch it to a bad mode, or if it doesn't have switches, it maybe dead.
Using Plan-B could be an option if you have an old TV or Monitor will S-Video or Composite connector.
On a side note, I think the only display I have with a Composite connector would be the Nav system in my car, how cool would the Happy Mac be on my car's display?