IDK that PSU model but it's not uncommon to have only 12V output from the main transformer, then have 2 step down converters to make 3.3V and 5V. The typical output supervisor chip, of the overall PSU, would be monitoring the voltage and current of all 3 main rails and not be happy with UV/OV/OC.
IDK what happens when 1 rail uses way more power than the others. The PFC/PWM chip that runs the main transformer, usually only gets feedback from a circuit on the 12V rail, at least the ones I've seen.
IDK the controller chips near good enough to get the small signal details right, or what the transformer and any buck converters would really do, when just 3v3 or 5V is loaded, but here's some datasheets for some really common controller chips. Most computer PSU's use them or clones of them, with the same pin out too.
If I read some of these design guide PDFs, I'd do better at repairing these, but I have other stuff to learn 1st.