Excuse the partially dismantled pics.
PSU will output 13.8volts until any load is applied.
A 100 ohm resistor load results in 8volts output.
Apparently its meant to have short circuit protection, I suspect this has gone bad, but don't understand how this has been implemented.
I suspected bad output transistors, hence the part that's freeballing.
I also suspected bad rectifier diodes, they refused to measure in circuit.
I've also replaced a handful of passive parts, which made no difference. (trimpot, the TO220 transistor on the controller board, and the resistor driving it (as it was discoloured) as well as the electrolytics on the controller board)
HALP! - loads the part cannon