UPDATE
1. I tried shorting pins 2 and 4 of the main board connector CN1101 - didn't seem to have any effect, when it was powered on the red LED just flashed same as before.
2. I connected pins 5 & 6 together of the eeprom, then plugged it in, the red LED flashed quickly (3-4 times a second) I counted to 10, powered down, removed the connection and plugged in, the red LED flashed as before and nothing else happened.
3. I measured the 24v outputs to the inverter and they fluctuated between 2.45v to 3.2v
When powered on and the red LED is flashing if you get close to the PSU you can hear buzzing and very feint clicks sort of in time with the LED flashes - but you have to be close (5cm) and they are feint buzzes & clicks.
What shall I try next? Can I do any tests to check the F9222L?