Sorry for the late reply, had no time to work on this until today.
I have installed a new converter that lasted for 30 minutes or so, which allowed me to make some tests, and then blew up

@Floobydust: thanks for the suggestions. I have checked the RF power setting and it is fine (around 17V-18V when idling hot, and never more than 18.5 when heating up).
All caps measure fine, in particular C7. Scope shows no 13.56MHz oscillations making their way back to the output or the feedback pins of the converter.
@Psi: The idea that the iron (i.e., tip handle) may be bad is interesting. I have two handles and multiple tips. They all check fine. In particular, the handles are simply connectors that hold the tip and have no components in them.
The funny thing is that I get slightly different measurements of converter output voltage when idling hot with the same tip in one handle then I get in the other handle! (about 0.5V difference). I can not explain this.I have opened and looked at the connections in the handle that was connected when the converter blew up and I can not see nor measure anything wrong with it. Twisting and wriggling the cable does not indicate any intermittent fault either.
@Towger: thanks for your input! The unit never goes into a yellow LED mode. The converter does not run hot.
I can add the following three observations:
1. The unit makes an audible whine (sounds like a few KHz) when heating up a tip. It is surprising since the converter is supposed to work at inaudible 52KHz. Is this a clue?
2. The voltage at the feedback pin oscillates slightly (amplitude around 300mV pk-to-pk) around the feedback voltage of 1.23V. I suspect this may be normal. The frequency is about 4.5KHz. Maybe this is related to the whine.
3. When the converter finally blew up, it was
instantly when I plugged the unit in , and with a bang that split the chip.
Help!