First - yes, check the LED for the K2 relay to see if that indicates that the PMDX-126 board is seeing port 1 pin 14 behaving as you expect.
The first thing that comes to mind is that you *might* have two signals trying to drive port 1 pin 14. The standard Mach3 configuration when using the PMDX-107 is to have port 1 pin 14 assigned to the spindle direction signal, and port 1 pin 16 assigned to the spindle "step" signal (actually the PWM signal). This is the configuration described in our app note "AN002 - PWM Spindle Speed with Mach3, Smoothstepper, PMDX-126 and PMDX-107" (
http://www.pmdx.com/AppNotes). And then you also have the "Mist" output trying to drive port 1 pin 14.
You have two options:
(1) As you suggested, you can change the JP2 jumper AND DIP Switch "Config8" so that port 2 pin 14 drives the K2 relay (see table 4 on page 11 of the PMDX-126 User's Manual). Presuming of course that you have the 2nd parallel port connected to the PMDX-126.
(2) If you are not using the spindle direction signal (i.e. your spindle only runs in one direction), you can change the spindle direction signal to pin 0 (zero), or some unused pin on port 2 or port 3. WARNING: I haven't tried setting a signal to "pin 0" to disable it when using a SmoothStepper. I know this works with the normal parallel port interface in Mach3 (the parallel port driver simply ignores any invalid pin number).
Bob