If the shutter makes noise with the portable display test on the card, that means the card is not bootable (in other words, the test was not loaded). After loading
*) and displaying the test screen, it should lock up, forcing you to take the battery out in order to get any more signs of life (such as LED blinks) outside the viewfinder.
*) at this step, a short LED blink may or may not be visible, depending on camera model; would be nice if another 700D owner could check.
The viewfinder is controlled by another processor, and whatever it does during the display test (no signs at all, busy, or whatever) is model-dependent, not controllable by ML, and thus not relevant for the test.
You can also try this (just curious why the pictures are not saved to the card):
http://builds.magiclantern.fm/jenkins/view/Experiments/job/startup-log/12/(it would blink the LED for the first 30 seconds, then save a log file that contains all the debug messages from Canon)