UPDATE:
well, the JW5026 is officially roasted!
When the system is powered on, if you pay attention you can hear a high pitch hissing sound. I am not sure if I use the right word, but it is similar to the noise a transformer does sometimes. The volume is very low, you really have to put your ear close to the board to hear it.
I assumed that this may be some kind of an oscillation, so I used my scope to see if I can find anything. The first point I checked was pin6 of JW5026, which is its output. Sure enough, the waveform looked like an EKG, with one huge peak at around 6-8 V and two smaller ones at around 2-3V. Unfortunately, after a few seconds and before I was able to do any tracing, the IC started smoking so I cut the power.
Is there a chance that I accidentally caused the IC to die when I placed the scope probe on? The reason I am asking is that the magic smoke came out now, but I was able to operate the station for several minutes the previous days while poking around with my multimeter. It's hard to believe this is a coincidence
In any case, I am about to order a bunch of JW5026, replace the old one and keep trying.
Regards,
Michalis