Those pictures of Andy’s have jogged my memory: I used LEDs as these (or one of them, anyway), from ultraleds.co.uk I think:
By chance I already had a suitable holder, but I have just seen outwardly identical items on........xmas tree lights. With a standard rubber grommet in the binnacle the holder was a nice interference fit, & looked like it grew there. I used one (or two) segments of clear frosted plastic cut from a milk bottle (by chance the correct curvature) to act as a diffuser. It all works like it should.
An alternative is to just use a lower-wattage bulb in the existing holder and use some plastic segments cut from a drinks bottle to give you standard green illumination - but it’s just more fun to get an original feature working again. (The UV illumination was not unique to Magnettes, by the way: some others of a similar vintage had it too).