Sorry I haven't had as much time as I'd like lately to look this over. On the CD4027, since you're not using the first J-K flip flop, ground pins 9-13. Leave pins 14 and 15 unconnected. Disconnect pin 2 from ground and leave unconnected. Disconnect pin 1 from pin 13.I had originally grounded it because at one stage elec_mech suggested I ground all unused inputs in CMOS ICs. I "assumed" these were inputs. Oops. Problem now solved.
Bill, I took your advice and added a BC547 to drive the LED on the circuit.Is the 555 still getting hot? If you remove the LEDs, does it still get hot?