The transducer driver circuit board is not isolated from the "Line" hence you "CANNOT" probe the board directly even though the feedback signal [transducer terminal 4 blue wire] is low voltage signal. You do not need high voltage probe. So either you
1. power the entire driver board with isolated power supply and probe the blue wire terminal directly
OR
2. Wrap 3 or 4 turns of magnet wire around the one of the wire leading to the transducer directly [not the blue wire] and connect this magnet wires to the oscilloscope.
At the same time;
At the transducer, there is a capacitor in parallel with the transducer which resonate with the inductance of the transducer. You need to check that this capacitor is OK. Failure of this capacitor is the loss of power even though the driver frequency is correct.
The 2 electrolytic caps are DC smoothing capacitors.
You know you will be dealing with lethal voltages and take safety precautions and also order safety gears like gloves and eyes protection etc.
I have a feeling that I am offending..... some people.
I do not know if its worth to buy instruments to maintain this, but it will be sure a lot easier to let the "Experts" do it professionally for you.