Update. I tried another pentium processor, changed to sync cache module and different memory modules including EDO. No cache detected and still stuck at 8MB. Yes, I reconfigured the jumpers.
Other than that, board works.
Chipset is keeping cmos settings and keeping time properly.
Nothing cold or hot anywhere, nothing bad solder, I did check with a probe for loose pins.
What could do this? All this left is SiS 5512 chipset which does hook into memory banks and cache but this does not make sense. The 5511 and 5513 deals with buses for ISA and PCI. The regulator is outputting 3.3V properly.
Oh well!
Great Northern aka Canada.