Is it possible to switch an LED output to 1 when GPS is ready?
The board has a few permanently installed LEDs.
That is built-in functionality. The page may be for pixhawk but those leds are also set for your FC.
https://ardupilot.org/plane/docs/common-leds-pixhawk.html#boards-with-1-or-2-notify-leds
But since you have the Mini, you should have a working buzzer as well, just switch the buzzer on then you can hear the “READY TO ARM” beep.
https://ardupilot.org/plane/docs/common-buzzer.html#common-buzzer