Much has improved. Getting good readings out of the DC, MV, and Ohms functions. Have not tested AC yet. Re seating all of the relays did the trick.
However:A problem I now have is the replaced power transformer is getting quite warm after a period of time,
almost hot to the touch. The 5500 I have, which is a similar meter and draws close to the same wattage (50 watts or so), its power transformer does not heat up. I am interested in any ideas based on what I have tried below. The schematic is of the 5500 power supply but the 5403 seems mostly the same aside from missing the components for the 40v rail (no 40v rail on the 5403).

1- I isolated the PSU and the power draw goes from 54 watts down to 5 watts. I assume this eliminates the PSU as being an issue.
2- R2 200 ohm resistor gets QUITE hot, and has evidence of heating. It tests 200 ohms. .
3- Some of the decade boards were looking like they got hot in the past, I replaced them all with decades out of the 5500, and power consumption dropped by 2-3 watts or so. It is still heating up. What I assume are current limiting resistors on the display board are getting hot to the touch also..but perhaps this is normal?
Voltages-
Pin 1: Ground
Pin 2: -17.8v
Pin 3: -34.6v
Pin 4: +29.4v
Pin 5: +17.5v
Pin 6: No reading. +40v rail, components not installed on this PSU (no 40v rail). Presumably the +40v winding (White-White Brown) is present on the transformer.
Pin 7: +15v
Pin 8: +290v
Pin 9: +18.5v
Pin 12: +2.23v
Ideas?