Well,
I decided I would make a posting here just to say how I resolved the problem, for people in the future.
To get rid of the locked state, you need to erase your existing snmpd.conf file, but be careful, you may be removing the settings that something you're running requires (like MRTG).
shell> rm /etc/snmp/snmpd.conf
then remove the lock itself
shell> rm /var/lock/subsys/snmpd
then restart snmp
shell> service snmpd restart
to confirm it's running use this command:
shell> service snmpd status
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Steve@v-r.net