Assuming the '86 and '88s are the same, which is likely..
The fuse is in the Number 1 position.. it's down (or up) in the corner on the hazard flasher side...
It's a 15 AMP (light blue) fuse that is always "hot". It's service includes Cornering lamp relays, Stop/Hazard lamps, Speed control Servo, and the Electronic Control Assembly (ECA).
I've got the '88 Mark7 "Electrical and Vacuum Trouble shooting Manual". It pretty well explains the operation of the speed control system, has electrical schematics, component locations, and has trouble shooting tips.
It might be helpful if you describe whatever symptoms the car is experiencing.
For instance, if the Speed Control doesn't work, or works but shuts off for no apparent reason, know that the Resume, Set Accel and Coast button contacts are sliding contacts. Sliding on rings of copper inside the steering wheel. Just turning the steering wheel might break the electrical connection. Those rings can be cleaned to provide better contact.
If "operation is erratic or unstable" it could be that the linkage is binding or too loose.
"System does not operate" ..
Possible causes:
Open Modulating valve. (check resistance between certain wires)
Open circuit to Speed Control Switch (more resistance checks..)
----
The vacuum portion does seem to be relatively simple. Either there is vacuum available at (functional) vacuum devices, or there isn't.
-----------
Originally posted by OldSchool1
"...test for vacuum at the pedal connection via an additional hose leading up to a hand held vacuum gauge and read while the vehicle is moving faster than 28 miles per hour...."
...while the vehicle is going over 28mph?
OldSchool.. i have a question. While this manual states the car must be moving at 30 MPH minimum for the system to function it also points out that the Vehicle Speed Sensor is an electronic device, down at the transmission, and it has no vacuum component as far as I've been able to determine..
If it's purely electronic and signals the ECA of the +30 mph speed, and the speed control system is then available, why would it have an effect on vacuum availability at the brake pedal's dump valve? Where or how does that Speed Sensor control vacuum?