A couple of things:
1. The way forward are the 'ide' diagnostics. These have to be run from a serial console connection. First of all because the graphics tests would reset and claim the console, but also because because in this case the system doesn't boot to a graphics console. So get your console cable out, disconnect keyboard, mouse and see what shows up on serial.
2. The problem can be something trivial, like a dead Dallas chip causing scrambled NVRAM settings. With the settings for 'console' and 'bootfile' scrambled you will have an unbootable system with no display output as well. Again, serial will show.
3. It's quite possible that it will crash with a graphics error, or the IDE diagnostics fails with a graphics error. In that case you will have to get more familiar with the MaxIMPACT graphics. It's a sandwich of three PCBs, interconnected with flex cables. If you're lucky (?) it may have the TRAM option. All MaxIMPACT cards have one MB of TRAM, and with the TRAM option you have 3 more MB for a total of 4MB. The MaxIMPACT card set itself seems to be fairly reliable. I've never seen the flex cables come undone, but it doesn't hurt to double check. I've never seen the 1MB 'base' TRAM fail, but I have seen the heat sink come off once. Oh, on MaxIMPACT is basically HighIMPACT times two, like an NVIDIA SLI. So the base 1MB and the TRAM option are double as well.
The problem child are the TRAM option cards. They mechanically/thermally challenged. Let me explain: the TRAM chips themselves are QFPA packages. Like this:
http://2.bp.blogspot.com/-BGVLK6EHxrI/VS.../comco.png Three of them sit on the TRAM option PCB, and a heat sink is mounted to them with kapton tape. Kapton tape is heat resistant and doesn't stretch. The way this is done tends to bend the PCB which is really
not what you want with these large QFPA packages. It puts pressure on the TRAM chips, which has to flow to the PCB via the chip legs. On top of this, they run very hot. The chips handle this fine, but the combination of thermal stress from many heat cycles as the system is powered up/down and mechanical stress from the design leads to brittle soldering joints and lifted chip legs.
This only affects the TRAM option. And this is how the MaxIMPACT fails in my experience: the card and the 1MB 'base' TRAM works just fine, the option cards fail, and not because the chips burn out but because of failed soldering joints.
Oh, the very act of removing / installing the TRAM is problematic to the TRAM itself. The TRAM has to be pressed into the main PCB, in other words: you press on the heat sink and the pressure 'flows' though the chip legs when it's inserted. The other way around is equally problematic: when you pull the TRAM option you tend to flex it, so if it wasn't broken already, it may now be. Or next week, after a couple of more heat cycles. In short:
don't mess with these things unless you have to.
SGI probably realized this as well. The Octane TRAMs are much more rigid and use the heat sink as a structural element. They rarely break, though they require re-seating occasionally.
Oh, the TRAM option cards are supposed to be secured with a split pin. If someone added the TRAM option to your card later , they likely aren't there. It's near-impossible to undo them without breaking them. In this case, especially after shipping, your TRAM option cards may simply need re-seating. All the precautions (see above) apply.
If the 'ide' test reports graphics errors related to texture memory, memory test pattern mismatches or maybe DMA errors, in short anything that points at TRAM failure, you may decide to remove the TRAM options cards. You don't do this on a whim, but you may have no other choice. Chances are that the card will work fine without them. In that case: repair of TRAMs with lifted legs is possible, but not trivial. I've successfully repaired them, but I have access to a lab with good equipment and a microscope. It's a very time consuming exercise, it will take a couple of iterations of inspect / repair / run diagnostics. Ideally you should have a known-good HighIMPACT card set handy which enables you to test 'repaired' TRAMs individually rather than in pairs.
Update: I see now you don't have the TRAM option cards. Sorry about that.
Still, diagnostics over the serial line are the first step.