huh? weird, i wonder did i measure it right, i always thought i have understanding of measuring ac ripple: scope channel is set at AC setting, ground clip to reference earth (kikusui's chassis) and ''hot'' to test point. and probe doesnt have x10 on, double checked
but, about your guess on 12v: there was one melted off resistor very near -12v test point, also, other solderings are/were cooked-looking, along pcb. heat haze is felt, no matter fault state or not