I noticed the 5V rail of my 850W silver rated PC PSU, is only 4.7-4.8V, (on a good DMM, 4.7xxxxV) I never looked on the scope yet. I think I might have noticed this 1-2 years ago. The PSU is maybe 3yo now.
So perhaps the ESR of the output caps is getting too high, which would be an easy fix, and maybe now reduce stress on the secondary rectifiers.
This PSU is under warranty, so by rights, it probably is eligbeable'sp ' at 4.7V. Maybe I should conact the corp