Where he said eqemulator.net:5998 is where he was quoting the guide. Given your configs, and the fact that you say your not seeing anything past the
[DEBUG] [WORLD__LS] Connected to Loginserver: eqemulator.net:5998
but i never have seen this below step come up but i tried pushing enter anyways to see if it would work
[DEBUG] [WORLD__LS] Loginserver provided YOUREXTERNALIP as world address
it sounds to me like your launcher is not connecting to the world.exe like it should.
As far as not seeing server select, there has been alot of errors regarding that. The best thing I can recomend is to move it over to the public login and see if you can see anything. You should atleast beable to see others servers, and if you see yours, then we eliminate the fact that something is wrong with 90% of the emulator setup and we only need to focus on the minilogin stuff. Kinda like process of elimination.
Try to also change all references in your eqemu config under the login server to your local IP for the computer its running on. Only use 127.0.0.1 for the database connectino and nothing else.
Also, try booting up zone.exe manually to see if its a launcher issue as to why your zones arnt connecting.
P.S. 0:sleeping is what its suppose to say, this is a bad on my part and I am fixing it now, so long as its the first thing I do after this post.