If you really want to see what the power supply is doing, don't use a multimeter, as it gives you an AVERAGE reading.
I.E. it might say 4.9V which should be fine, but there might be ripple as low as 4.2V which will definately cause problems.
The correct way to measure the stability of a power supply is to use a decent oscilloscope, or some recording multimeters can capture fast peaks/dropouts.
Sounds like you've helped the BPPC board by giving it a more stable supply. The components which blew up are probably tantalum capacitors.
They have a very low ESR (series resistance) which makes them good at smoothing power supply noise, but means when they charge up as the system is turned on, the current flow can be many 10s of amperes. Occasionally this causes the tantalum dielectric to break down, the device short circuits, then if the current flow is great enough, it explodes.
I've seen it quite a bit, mainly with leaded components rather than SMD ones.
The additional resistance of the motherboard power tracks would have helped to limit the inrush current to the capacitors, so made the dielectric less likely to break down.
Often they can handle high inrush current, but it would seem you had the unfortunate luck of one failing. It happens...