Ok guys, here's what I've got: Please see the photos as well.
I had to heat the magnet up with my heat station in order to get it out. A lot of old wax everywhere. Being someone who restores other things (but is new to learning about the inner-workings of pickups), it does not seem to me that this pickup was ever opened up before or modified, other than the possibility of the back plate being added later, due to the solder blob. (Aside - Where is the wire braid on Screamin' Demon's, or SD's in general from this era usually connected, along the lip edge of the back plate, or on the flat part of the plate?)
The obverse of the circuit board is marked 412364 Rev A, as well as having some sort of symbol in the center and the number 10. I can see through the board to the reverse, which has a large mark in the center that appears to be some triangles and a large letter P.
When connecting the red and white, and testing the green and black, I get, as you can see in the photo, 10.39K ohms.
When looking at photos of other vintage SH-12's online, man the bobbins look the same, the red color wire that you can see through the leftmost holes is the same, etc.
Please help me understand this, because I'm an idiot:
As you can also see--and this is where I am still confused--the red and white wires go via the circuit board RIGHT end of the coils, and the black and the green wires are at the LEFT end of the coils.
But the black wire on the LEFT causes the analog meter (set to DC) to go up. But on the other coil, the red wire located on the opposite end on the RIGHT causes the meter to go up. What does this mean? Who is the start and who is the finish???
Thanks guys.
PS - so I take it I have to now learn how to re-wax pot this thing now as well?