On the D/A voltage check, place the multimeter red lead at the CV Out plug's tip, and the multimeter's black lead to the battery negative terminal. If you do not get a change when adjusting VR-2, then you either do not have a solid connection, or the CV Out jack has an open.
As has been mentioned multiple times, there is no relation between the LFO and the D/A functions. The 101's LFO is nearly all discrete components, save for a dual op-amp. If the LED is not blinking, my first guess is that either C9, TR4 or IC3 have failed. It might be a good idea to check continuity between the ribbon cable joints that connect the main board to the control board first. The "RATE" slider is on the control board, and is part of the LFO circuit. There are also several resistors in this circuit you could ohms check, and two diodes, D9 and D10, that you can check.
Take a look at
the schematic at left center.
I am no longer in pursuit of vintage synths. The generally absurd inflation from demand versus practical use and maintenance costs is no longer viable. The internet has suffocated and vanquished yet another wonderful hobby. Too bad.
--Solderman no more.