Hello Towlerar,
Thank you for the advice.
I checked first that the contacts of the rotary switch are clean. Next, I checked that it was not installed in a wrong way. Someone was inside the meter before me (the heads of the input screws are slightly damaged). Since all parts are indexed, there is no way to assemble it wrong. I removed it to gain access to the contacts.
Next, i checked all vias around the switch, by buzzing to some visible traces through the PCB (all ok).
A visual inspection and a buzz of each branch of the resistor divider revealed the contacts at the switch. I traced a crude schematic (in the attachement). Pin 95 of the MSP appears to be connected to a position in the resistor ladder. It is P6.0/A0, obviously used as ADC input.
First, I must say that the 5V regulator is immediately disabled by the MSP, so I had to remove R88 (a 0R resistor) and to apply 5V externally. I noticed that if I turn the 5V too soon after pushing the power button the boot logo does not appear anymore and the power led remains on. If i apply 5v later (or never) it shows the boot logo, and the led turns off, simultaneously bringing the gray screen.
The 5V rail takes around 1mA (indicated by the power supply). I will measure it with a proper meter at the next debugging session.
Next, I measured all voltages of the resistor ladder with the rotary switch removed (see photos, positions on the ladder marked in red). They appear fairly well spaced apart in voltage, and are stable.
I buzzed the MSP pin, to see where it connects on different functions (with power removed, of course). The results are in the top right corner of the photo. Interestingly, some functions connect the pin at 2 positions in the ladder (VAC, mVAC, VDC). The others connect to a single position.
After that, I applied power an measured the voltages on each function. And they do not match the ones with the rotary switch removed! Obviously, the voltages in the ladder are also deranged. The values are indicated in the top right of the attached photo. I started buzzing all over the board, but couldn't find another connection anywhere else.
Is guess that is not normal. Is it?
It is a bit late here and my eyes are burning, so i will continue tomorrow, before i damage something else. I will try to hardwire one of the functions to the pin (like the VAC), without the rotary switch, and see what happens.