Yes, it's definitely working and no shorts between the rails.
Measured voltages on PSU = 11.99V unloaded
then;
TP881 = 11.98V
TP4D2 = 5.0V
TP4D1 = 3.3V
TP4D4 = 1.8v
TP4D5 = 1.1v
when the pwr button is pressed, the white led comes on, it beeps (chirps) once and goes off.
When I opened it up, I only found dust on / near U9F1 (bottom right of the board), cleaned it off but found nothing else on either front or backside of the board
WHile checkingthe mosfets, I then noticed no voltage to MEMIO, GFXCORE & CPUCORE, all mosfets were checked and none were found bad