Today's foray into the electronics of this beast was to resolve some oddities regarding the pair of 24 volt 7.2 amp power supplies that are housed the the rear left hand cabinet with the turret drive electronics.
First Quandary: They seem to be wired in parallel - this isn't good practise as being regulated they will be bound to be trying to achieve slightly different voltages - although equipped with remote sensing inputs, these are directly wired to the PSU's output terminals hence not used. The effect will be one power supply taking a larger share of the load than the other.
Second Quandary: The -ve output cable is numbered '102' and the +ve output is labelled '100' - cable '100' doesn't feature anywhere else on the machine (*) and +24 volts on this machine is cable '103' - OK a simple wire labelling error - careful tracking proved it should be labelled '103'
Third Quandary : and this is the BIG one. With no load the pair of PSU's deliver 24.2 volts, but on load this rises to 33 volts

It was this strangeness that got me hunting in this area in the first place. Now at the moment the 24 volt rail is only being used for relays etc which won't have too much of a problem with the over voltage, BUT also the Baldor SMCC microprocessor card that manages the turret movements for tool changing runs off this 24 volts and had lights flashing all over the place when the fault was on - I hope it hasn't damaged it.
I could reproduce the fault with a 10 ohm load resistor as I disconnected the PSU's one by one in situ - the left hand one was U/S, the right hand one seems OK
Removing one PSU for testing the Baldor card seems to have calmed down now it only has 24.2 volts attacking it from the remaining PSU, and it's green ready light is coming on - so fingers crossed.
Bench testing I loaded the faulty one with a 48 watt 24 volt lorry bulb (actually a spare from my Startrite Bandsaw!) so drawing about 2 amps, and sure enough the output rose to 33 volts!. Simple transformer, twin diode rectifier and big electrolytic capacitor produces about 35 volts. There is a series pass regulator comprising three 2N3055 power Transistors with load sharing resistors in the Emitter circuit, and this group of three is driven by a fourth 2N3055 making a 'super alpha pair' (well quad in this case!). The base of the fourth 2N3055 is driven by a UA723CN voltage regulator IC
I suspect the 723 chip, but equally it could be one of the 2N3055's breaking down - I was amazed to find I have neither in stock - used to have masses of these things !
Although I've ordered some components, and I will repair this PSU, I am going to replace the pair of Kayser 24 volt 7.2 amp supplies with a single switch mode supply rated at 20.8 amps - over rated so it will be under run - which eBay has provided.
(* not quite true as alarmingly the three phase 415 volt input cable to the KTK Mentor Spindle Drive are labelled 100, 101, & 102 - some draughtman made what could have proved a expensive error )