I did some work on this last night.
I measured 72.5 ohm resistance from the 400V rail to the collector of the BU508A switching transistor. By the data sheet it can take 8A max, and so for this failure mode of the TVSen, it's never even close to limit. With the TVS gone, it'll see max 2.3A from 120V rectified to 170. Even during failure it'll see "only" 400V/72.5 ~= 5.5A, which is still well in spec. Assuming the driver saturates it, post-failure it's only burning ~2.3W with whatever duty cycle it's PWMed, and it's easily heat sunk against that. Looking at the PCB, there's a bank of 1 or 2W resistors on the 400V rail that have clearly been warm for a long time. That's my 72.5Ohm.
As the BU measured good and I didn't have a replacement on hand, I replaced the TVSes and tried turning the PSU on. This was unloaded on my bench.
Got that startup twang, and measured 400Vish on the DC rail. There was a nasty ~10V .5-1Hz wobble on it though, perhaps hiccuping due to over voltage on the 24V rail, which is monitored, I figured.
All told, it seems the TVS gave, and the standby supply transistor now looked directly into 170V at 72.5Ohm instead of the primary, until the hard power switch was turned off. The resistors will have borne the brunt of the dissipation, then the TVS, then the transistor. Nothing else seems to have failed but the TVS.
I figure it must have been over voltage on the 400V bus that did them in, and apparently these devices will fatigue and fail if you repeatedly ask too much of them.
I stuck the PSU back in the scope, and she booted fine. There was even a saved reference waveform on the screen from the previous owner.
I played a bit, got her to display the calibrator and such. There seemed to be a nasty line wobble on the captured traces.
Then the PSU started hiccuping. This seems time or temp related, if I let her chill for a little, I get more play time until hiccup.
So I'm guessing/hoping there's more trouble in the PSU. Maybe the main reservoir cap is going, and this may have been the cause of the standby supply failure to begin with - any other likely causes?
Apparently this PSU will hiccup under overcurrent on the primary, or under over voltage on the 5.1V or 24V rails. Guess I'll have to load it down on the bench to see what's up.
I'm waiting on an ESR meter, it's on the slow boat from Japan, so I guess it'll be a while until I'll look at this one again.