I have seen a lot of dead 7200 boards that will no longer be repairable. Even a complete recap did not work most of the times. I thankfully own a working and recapped 8200/120, which is in storage. If i get the time, i will make a photo of the board at the position that you have shown.
I have at least 5 dead 7200 boards myself and I have no idea what the reason for the high failure rate of them is. I suspect that the soldered CPU might be the culprit since some of the boards have a visually broken 601 CPU due to the heatsink pressing on the thin ceramic chip when stored without protection. But even when the 601 looks good, the board is often dead with sometimes no reaction at all, just the PSU-fan spinnig or a chime with black screen and no boot.
-Jonas