I'm not sure that testing a PSU whilst not under load is terribly informative.
It would not be informative if your goal was to measure the voltages, but seeing if it works or not is fine. All PSUs must power on if the green cable is shorted, it's in the ATX spec. They do not have some sort of load detection and auto shut-off feature.
The issue really does point to the motherboard, other component or loose connection somewhere. However I have checked, double checked, removed and then placed back all cables. I have tried out a brand new PSU on the system with all internal connections fitted and I get the same result as with the original PSU - so that seems to eliminate the PSUs in my admittedly non-techy opinion. The fact that the previous PSU, which I did think was the original culprit does in fact power up (under test conditions with no load admittedly) does suggest the fault is elsewhere.
I have checked the power on switch on the top of the tower has not had its wires detached. Given that I hadn't had the slightest problem with the system prior to fitting the new hard drive is the perplexing part.
I have tried to power up with no hard drives connected as well as with just the original three rather than the four now installed. None of which has made any difference. I am just about to try a new cmos battery as suggested by another response. So back to the drawing board
The new PSU presently borrowed and in the machine is an impressive beast - a Nesteq ASM x-Zero 700W -
http://www.nesteq.net/gb/products/powersupplies/asm_...
When the power cord is fitted and the switch turned on only the one green light comes on for the 5Vsb not the other three lights.