I've found a small bit of info:
the SKIP signal is dedicated to input X8.7 (conn M18 - pin 49) but I guess you know that
You can check the status of this input in diagnostics number 8 (the left bit should go on and off when you hit the probe)
It says that the signal must be at least 10mSecs width - I guess if you have a bouncy or noisy switch, it could be switching quicker than that - that may cause a problem as the interrupt code could be called again whilst it is still running the previous interrupt handler.
Like Magoo, I also wondered about axis error - you can check these in (I think! ) the last diagnostics page in the 720 region.....
(You will see the axis following error ones flickering and continually changing value)
Just for your (or anyones) info:
Fanuc axis Diagnostic no 720-723 are axis error bits - one for each axis up to 4:
bit 0 (right hand side): overflow alarm (OFAL)
1: wire disconnection alarm (FBAL)
2: regen discharge unit alarm (DCAL)
3: overvoltage alarm (HVAL)
4: an improper current alarm (HCAL)
5: excessive current alarm (OVC)
6: voltage shortage alarm (LV)
7: overload alarm (OVL)
If you get a 404, 414, 424 or 434 alarm error, then look in the above bits where 404 alarm is X, 414 is Y etc.. to see whats caused it (normally a fuse or a breaker)