I re-did all the joints, twice more, with only small variations in the voltage at OB. All the joints are (and were) bright, shiny, nicely formed. So I pulled the board out again, and checked every individual joint on my meter; all were good. Then checked from each pad along each trace on the PCB and found a damaged trace there (high resistance, but not totally broken). Jumpering/patching that trace fixed it ... OB now is 106V, and all is working fine.
Thanks!