Hey, Dave, good to see you back in the old neighborhood again. Don't be such a stranger!
Alan, if you're still there, Dave's probably right about the constant flashing indicator - unless it's because the USB port is constantly interrupting. Do you have the ability to connect the controller via DIN connectors rather than USB? IOW, does it have a round 5-pin connector on the back?
Don't replace the MIDI interface, it's probably not the problem.