Did look good, yes.
As for MoBo being toast, only way would be testing with 2nd, known to work CPU and preferably with 1x stick of RAM. If still no life, it would be safe to say that MoBo is toast.
0 life usually means power delivery issue. Either PSU or MoBo VRMs. Wouldn't hurt testing with 2nd PSU, despite original PSU powering 2nd build just fine.
Oh, I will be, just to be sure, but before sourcing another working machine's board, I tried to power the inop system by running its 24-pin / 8-pin power to the inop board. No response, even jumping the pins with a screwdriver to bypass the power switch.
As you mentioned, VRMs could be dead (likely what was 'refurbished' on this board), which means the 5900X could still be fine. What worries me is the relatively little amount of thermal paste present on the cooler plate and IHS, as I remember using a bit more than that. This chip only briefly saw high-80s during initial fan curve tweaking, and low-mid-70s since. But since low coolant in liquid systems can cause inaccurate / inconsistent temperature readings, I wonder if insufficient thermal paste can do the same thing.
Thermal paste gets here Wednesday, so all I can do for now is wait. DEMCI filters should be here then, too, and hopefully the cable extensions for the LED strips.
Side note, though, I was getting some incredible lag on an auxiliary storage drive with the previous board that seems to be gone now. So that combined with the recent failure to power on makes me think the Asus replacement board had problems from the start.
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