I just found that there are two 1n4935 diodes on each board near the big inductors.
I measured only 4ohms resistance across these diodes, both ways, on both boards. These are 200v 1A diodes. I measured resistance using my DMM... I'm guessing this is an issue?
That depends what's in parallel with them really- can you remove them from the PCB and test them again? They may be essential to the proper operation of the switcher- there'll be a flywheel diode and a rectifier diode in most buck or boost topologies. If the flywheel diode goes, efficiency drops and the chopper transistor eventually fails, but if the rectifier goes the whole thing goes foom.