The zenor diode D5 measures 21 Ohms when the power switch is switched on and 1.2 Ohms when turned off.
Well, you're confusing me with this talk of power switch on.
You shouldn't be measuring resistance with the power on, or did you just mean the switch without batteries in?
Measuring resistance might go to a low reading for a short time but then rise to a steady value if there are capacitors around.
It might even show negative resistance if one of the capacitors are charged.
C45 should not measure 198 ohms if it is out of circuit and the probes are on the right direction.
It sounds like R18 is burned out, double check it out of circuit.
Check voltage on R37, R18, D5 with the radio on.