I have never been in an LLY FICM so I couldn't say. It would be tedious work and not cheap for someone to farm out but it certainly would be better than spending $2,000 on an unknown good used.I would not be surprised if it was a multi layer board as those are quite common on boards of this complexity. Plus unsoldering and resoldering those thousand pin chips is not fun even with the proper heat guns.
Now reverse engineering one would make someone a decent amount of cash at least for a short bit. As long as the chips are not proprietary
I wonder how different, really the LB7 FICM is from the LLY. How much work would be required to convert between them.
It shouldn't matter whether the chips are proprietary or not because you are just replacing the circuit board not creating your own chips.
I am over simplifying this quite a bit though so I am sure there are some things that I am not thinking of at the moment.