Went through the process again, and can't find my mistake.
I browse the old image and extract:
C:\Program Files\Steam\ClientRegistry.blob
C:\Windows\System32\SOFTWARE
C:\Users\"MyoldUserAccountName"\ntuser.dat
Then I open regedit and select load hive.
I load SOFTWARE and ntuser.dat and locate these three registry values within those loaded hives:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\ProductId
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Cryptography\MachineGuid
HKEY_CURRENT_USER\Software\Valve\Half-Life\Settings\io
Concatenate them:
89578-015-5401684-713308aec7f9e-e43d-44d8-951f-477389fc8f451176496950
Then run steam password, passing in the .blob I had extracted and the key, and it returns an error. :\
See anything off-hand that I might be doing wrong?
Thanks again.