Thanks for answering so quickly.
Just to be clear…i’m assuming you are testing the switch with the chassis upside down (the transformers sitting on the table) while the bottom of the chassis is open facing up…is this correct? in this position was the switch up or down (down would be pointing to the word “power” on the faceplate) when you got continuity between the middle pin and the pin furthest away from the front of the chassis?
Please re-check the continuity between the middle pin on the switch and the round pin on P4. If you measured 122V on the middle pin after the explosion, you should have continuity between these two points. Make sure your meter probes are making good contact. Also please re-check to see if you have continuity between any of the pins on the switch and one of the square ground pads near the IEC power socket.
Does your meter actually make a beep noise or are you using the resistance setting on your meter to determine continuity? I’m asking because i can give you better instruction if i know what method you are using.