i think this is good news for the pc. after doing some testing i think i've narrowed the problem to the pcb or wiring harness.
i'm pretty sure the psu is fine, the 24v line is showing 22v but i'm guessing thats good enough(correct me if i'm wrong here). all other lines are spot on.
after swapping connectors to the monitors the bottom one does work fine, the picture is better than the top one actually. after adjusting the top one i got the picture less squashed, but i think alans is right, a cap kit would do wonders for it.
i'm going to test continuity in the harness in a bit. if that checks out, it sounds like i've got some board issues.
so far i've gotta say i'm impressed with this nintendo cab. the parts are easy to get to, pcb is a snap to remove, voltages were listed on the psu, and etc. the overall build is better than most of the u.s. built cabs i've worked on, which seem to have a sloppy look when you open them up. reminds me of working on my sega turbo which also has a well thought out design.