This really isn't a "need help" post, rather it's a "I managed to fix it, maybe it might help someone else".
Received a 2TB 3.5" external WD MyBook system, and alas it was not turning on at all, and of course the drive data was encrypted. Didn't have a lot of viable options but I decided I'd try repair the USB bridge board and had success.
Turns out it was the SMPS controller on the board that had blown. I got lucky this time. If you do a voltage test and see 0V on both legs of the on/off switch button on the logic board, then there's a reasonable chance it might just need the SMPS controller changed, trick is you'll need a donor ( at least until I take the time to evaluate a possible replacement ).
Have a YouTube video of the process:
https://www.youtube.com/watch?v=yufLqOl ... aDfC_63dFY