Yes, the LED's are connected to the signals LEDK and LED_IN.
The expected voltage is between 3.2-3.4 supply voltage (Vf) with If=120mA.
After removing the capacitor C18, I still am getting the same result. The switching pin hovers around 1.7 and the feedback voltage Vfb is about 6mV.
Also @SiliconWizard, I checked out the start-up response graph, but it's a little difficult to read. It possibly jumps up to 1.5A as far as I can tell - although this would seem like a problem, I've checked this design with another screen and their power supply is even lower - 320mA.
But you are on to something - when I put 3.3V directly into the board with the switching mechanism on it, I read exactly what I expect: 3.3V out, 320mV Vfb and it stabilizes at about 0.05A. Supplying it through the connecting board, I am only seeing 1.6-1.7V VCC and my current jumps to 0.6A, even though I am also supplying it directly to the board (i.e. it is not going through any other ICs).
I have an extension cable as well that connects it to the main board - the extension cable is 10 feet (3m) in length. Supplying 3.3V to this far end of the extension cable causes the screen to flicker - the power switches between 1.7V and 3.3V. I'm very lost by this behavior, what can be done to smooth the power and get a consistent signal?