Sorry, terminal 2 of the transformer is hot (Terminal 2 marked 120V). Neutral goes through the power switch to terminal 1 of transformer but sounds like you're indeed good as far as fuse, switch and iec power inlet is concerned. Anyway, if you are getting line power (115V or so) there then your fuse is good. It is a regular (fast acting) 1 amp I believe. Make sure your solder connections are solid at terminal 1 and 2 and that your ground is solid. If that all checks out, you should have voltage out of the transformers secondary terminals. If not, you could also try and physically inspect the wires at the bottom of the tranformers solder terminals that enter/exit the transformer itself. If you overheated the terminals it would seem possible that maybe one of those wires is dislodged. Not sure how readily fixable that is but it's worth inspecting. Careful in there. UNPLUG.