The OP was supplied with a config as requested for 4axis and a spindle, to 24k I think, by PCW. Even with is he could not get an output, taking this into account PncCONF is not the issue.
If the OP could be so kind as to supply a picture of the wiring of the actual spindle connector and a diagram as well of how he wired it I think that would be quite helpful. This is the second time I have made this request.
To OP seems to have missed or ignored the bit about PWM not being involved in configuring the spindle.
Just making a guess I suspect that spindle + and spindle - are not being supplied with an isolated voltage. If this is the case spindle out with not have a voltage that is in line with the selected spindle speed.
Wiring of the opto isolated outputs can be tackled later.
To reiterate the OP has a config supplied by PCW, which we can take as being gospel and if the board is wired correctly will work.
For testing I would not have the spindle connected, I would just be monitoring the spindle output with a multimeter referenced to spindle - .
This is actually how I went setting up my spindle, but using a smart serial board as I required the servo driver to be some distance from my 7i76 and did not want a small analogue voltage being transmitted over a long cable. Paranoia may have had been high that day.