@kripton... Thanks for helping. This device has a multiple issues now....
On first opening up the housing, there was a broken track (from what looks like an impact/drop) and a blackened resistor near the Opto-Isolator, (making it impossible to read its original value, although it did measure about 1k). Voltage drops for all 4 diodes in the bridge rectifier measured ok, and there was no short across the 24v output line. Gently warming up the circuitry had no effect.
Unfortunately, before I read your reply, I went ahead and applied power to the cct. via a 30 ohm wirewound resistor as a temporary substitute part! This was a higher wattage than the original 10 ohm resistor, so a large current was able to flow. This caused further damage straight away. There are two 400v rated 6.8uF Rubycon electrolytics in parallel for the bulk storage. Out-of-circuit, one has ESR of >40 ohms and measures only 2.2uF, the other is 23 ohm ESR and a value of 6uF. I'm not sure if I caused this fault, or if they were like this before I started.
Applying power also made a diode in the bridge rectifier go open-circuit, put over-current through another resistor, and cracked the TH2028.5A IC (which I'm guessing is the PWM controller chip).
I removed the Siemens BUZ78 FET from the board. Drain-Source resistance measures as 0.6 ohm. Again, I'm not sure if this was my fault or not.
This adapter is definitely for the recycling bin, but it was a good learning experience for me! I might still try fix it just it to see if it's possible, but I would cut the o/p cable and throw it out straight afterwards.
Don't suppose you have any idea what the original fault may have been?