Geoff,
If you're confident that the contents of memory are retained for a while after power off, and don't get corrupted so long as you turn it back on soon enough, then it seems most likely that it's the germanium diode that's faulty.
As Gregg said, they chose germanium for the lower voltage drop - with a silicon one, the voltage to the battery would be about 0.3V lower, so the RAM would lose power sooner - maybe reducing the effective battery life by a few years.
Their plan worked pretty well, so I'd be tempted to stick with that. However, if you're also fitting a battery clip, battery life is not so important - changing it becomes much simpler - so you could go with silicon (e.g. 1N4148 or 1N4001). I don't have any figures, but I'm under the impression that silicon diodes don't wear out nearly as easily as germanium ones.
Since the diode is a known point of failure, you may feel there's a good argument for trying a silicon one instead - or you may be having to do this again in as little as twenty years :)
As pnetops said, checking the zener diode is harder. When a component is cheap and easy to replace, known to be a problem, and difficult to test, I'd just replace it. However, just replacing the germanium diode may well fix it, so you might want to try that first, and decide whether you want to stop there.
I like pnetops's idea of checking diodes on the resistance scale of a meter. I've been spoilt by having one that has a special diode checker, which shows me the forward voltage drop of the diode - I use that for identifying the legs on transistors too.
Ideally, yes, you need to de-solder at least one leg of the diode, to make sure you're measuring it properly, but you can try it in circuit without any risk, and see if that convinces you either way.
Anecdotally, we have zener diode failure damaging RAM contents, but not the RAM itself. If that's the case, I wouldn't necessarily change it just to make sure. So long as you back up your RAM contents (e.g. with JSynthLib, or just a bulk dump to MIDI-OX, or Bome's SendSX), you're not going to lose anything other than time and patience.
My latest tool for desoldering is a pair of cheap ceramic tipped tweezers. They make desoldering things like diodes and resistor really easy -
a) Add a dab of fresh solder - optional, but the flux in the solder tends to help
b) Remove the solder with braid or a solder sucker - still optional, but it helps to leave the hole clear of solder when you remove the component
If step b doesn't leave the leg loose, or you want to go straight to c:
c) Grab one leg, or the whole component with the ceramic tipped tweezers, heat with the soldering iron (ideally from the solder side) and pull.
If there's a lot of leg showing, you might also consider clipping it, then pulling out the stump with the tweezers, but there's usually no need, for a two legged component.
- Andy