Hi Keith,
Just a guess, but since the "standard" 8-inch floppy interface is a 50-pin connector, might it be that the two 25-pin DB connectors are a (poor) substitute for that interface? Of course, 25 pins of the 50-pin connector are grounds, so it would be easy enough to check if the two connectors go separately to each floppy, or are a common interface. There are 4 drive select lines on the "standard" 50-pin interface. Unless there are additional electronics in the wooden enclosure, I doubt that there is anything "serial" about this thing at all.
I believe that there are motor on and head load pins on the "standard" interface, so it would probably be easy to drive them with something like a Raspberry Pi to make it look like it's working? Don't know.
Where'd you get the Raspberry Pi? I'd love to get one to play around with.
Roger