The Novamill is an excellent machine mechanically but the electronics is long in the tooth now. I have I think a full set of the electrical drawings from the Denfordata site but they don't include the actual schematic of the control PCB. It sounds like there is a problem with the stepper driver, and if it's possible to get access to the step and direction signals you could easily replace that with a new unit. Hopefully someone on the Forum could advise on if/how this can be done. I doubt there is any useful troubleshooting that could be done with a Fluke DMM.
I acquired my Novamill without the electronics and built my own 4-axis control box using more modern drivers (this was 10+ years ago – better ones available now), so I don't have any knowledge of the original system. A good UK source for CNC bits is
**LINK**; they could supply a complete controller box but it's about £800. I built my own 4-axis one for ~£200.
there's also these people:
**LINK**
for steppers and drives.
Assuming you do have the Denford electronics that could provide the PSU and spindle drive and an enclosure. It's worth upgrading to a modern controller too such as Mach4 or UCCNC. You could choose Mach3 – I still use that but it hasn't been maintained for 7 years or more and given they still charge for it it's daylight robbery.
Or if you fancy an adventure there's always LinuxCNC…
I've built CNC controls for the Nova and my lathe and a 2-axis one for big mill + dividing head, happy to share info and help if I can. Where are you located?