It is normal for the power supply not giving you any reading on a multimeter. The power supply has a so called sense-line, just like the A590. This basically means it won't switch on unless the A500 is on. It is a +5v line coming from the A500 switching on the power supply (that is why some of them do not have any power switches.
The switch on top of the A500HD8+, should that be the one you are refering to is not actually a on/off switch for the drive but more a disable/enable autoboot switch.