I'm trying to fix a CD player (Project CD Box RS), that accidentally got connected to a power supply with reversed polarity.
I've replaced two L5970D switching regulators, as well as removed a few non-essential components that seemed to have shorted.
Now, one of the regulators seems to have died again, and the other one exhibits some weird behaviour. However, I'm both a novice and not very well versed with switching regulators. There are two on the board, presumably one for 5V and one for 12V.
The one we're looking at is the one for 12V. Both of the regulators seem to have been implemented somewhat like shown in the datasheet:

The only changes as far as my untrained eye can see, are 100µF input capacitor (in parallel with a ceramic capacitor), as well as a beefed up output capacitor of 470µF.
However, when looking at the output waveform on my scope, I get the following (before and after the inductor):


First, this can't possibly be acceptable ripple? And second, wouldn't it be smoothed over by the ouput capacitor? The ripple frequency seems to be 125Khz, although the datasheet specifies a 250Khz.
What could be going on here?