Rootwyrm, I just saw your signature. You have worn out an IBM Model M? OMG! I didn’t think any of these would die natural deaths before 2033 or 2043!
More than one, actually. M's are not unkillable - barring abnormal wear and tear, best case you're looking at around 2 billion keystrokes estimated lifespan. IBM seriously, seriously underestimated. By the 2B number you're looking at the plate and matrix being too worn to make reliable contact, barring spring failure. I've only ever had one spring failure and it was damage related.
In any case, I don’t actually understand what you said about matrix to sub board or 3-5v voltage. But is it as simple as changing a light bulb? I take out that thingy, pull out the offending LED, stick in a new led and it’s good to go?
Not quite that simple. The matrix or wires are how the LED sub-board is connected to the main controller. They're two separate parts, so they could use the same controller PCB with a different firmware and loadout for different keyboards. (e.g. 1988 PC-AT and 3151 non-LED controllers are directly swappable both ways.)
Optimally you're looking for a 5mm green LED with 5V forward voltage. You can use down to 3V in some cases but I generally don't recommend it. Other than finding the part, it's pretty much 'disconnect PCB, remove PCB, desolder LED, solder in new LED, reinstall PCB, reconnect PCB.' Chances are you'll be able to tell which you replaced if you don't get the exact part, so I tend to recommend just doing all at the same time to guarantee consistency.
BTW just wondering what you mean about the LEDs being cycled to cause burnout. Do you mean that keeping the LEDs on is more likely to keep them alive than turning them on and off all day? As a matter of habit, I tend to turn off numlock once numpad is not in use (the same way I turn off my lights when not in the room), but if leaving numlock on keeps it alive longer, I’m happy with that also since I like a pretty green LED anyway.
I'm guessing that was a contributing factor, but there's no guarantee the ones that have failed didn't have extenuating damage as well. In fact, it's likely they did. The rated life of a typical green LED is north of 100,000 hours - or
at least 11.4 years of continuous operation. Given it's IBM, presume it's rated for at
least that because they just used the same LEDs as in the S/370's and S/390's. Part commonality makes for cheaper parts.
As far as a few times a day goes though, no, it doesn't have any substantial impact on the LED's life. You have to cycle constantly and frequently to have any chance at a meaningful impact. I use scroll lock as a matter of necessity (scroll lock + pgup/pgdn for console scrolling) on an exceedingly frequent basis. People cycle NumLock and CapsLock regularly and have no ill effects.