0.2V does seem a little low, but I think since they are BIG Schottky diodes, they may be fine. Another way to check would be to apply power to the board, and just check the DC voltage at either side of the Diodes in relation to ground. You should see voltage at either side, with a small drop across it.
I'm having a bit of a hard time tracing the circuit, is there any tracks on the underside, as it does look like the board had a lot of via's in it, some of which I'd like to follow, to figure out how the circuit is set up? If you could get a better picture of the left half of the board top and bottom, it might help in tracing the circuit and finding out what's wrong.
I'm also trying to see what the markings are on the 6 pin IC under the inductor L1. I'm wondering if it's a PWM controller for the power, and maybe a feeder resisitor to power it is gone. Could be one of the SMD caps pulling things down too. It's hard to tell without knowing if there is anything under the board.
One wee trick i've seen, is to pour 99% isopropyl alcohol on the board with it powered, and watch for what gets hot, the alcohol will evaporate quicker on hot components. If it all seems ok, then chances are its maybe a feed resistor to the PWM circuitry for the DC-DC converter, or a shorted FET somewhere not switching. At this point, a lot of components are suspect, and we need to build a picture of the circuit, and follow the voltage, to see where it disappears. That narrows down where to look for the faulty part.