Author, check the resistance of ceramic capacitors (both

Author, check the resistance of ceramic capacitors (both present & absent) around the South Bridge. If one or more of them like short (<1 Ohm), then
1) It's Pulse (typically PWM) stabilisator output. May be shorten lower side MOSFET or diode, or controller.
2) (Most cases) - SB failed.

If there's linear stabilisator like 1117, 1084 which supplies SB in standby, and it's hot, and in standby SB is not cold, in most cases SB failed.