Ok I had the time to do some more probing and here's what I have found:
Firstly, I re-calibrated the meter with the attack switch on 10ms.
Now with a 1kHz 1.000v input signal and 0.711v on the output, the -3dB LED on the meter is just lit (perfect!)
With this configuration and switching the attack to 5ms, the output drops a little bit to 0.675v, which is about a 0.5dB drop, much less than I initially thought. However on the meter the -6dB LED is now firmly lit.
(This is true on the entire meter range. For example if I'm doing 9dB of gain reduction in 10ms mode, switching to 5ms will show 12dB of reduction, even though the actual output change is about -9.5dB).
The other thing I have noticed is that in 5ms mode the GR LEDs are slightly dimmer than in 10 or 20 mode.
I've already re-flowed everything in the side chain circuit, so I'll take a closer look at the meter PCB and the 10-pin header.
If the meter is not accurate at higher speeds, that's perfectly fine! Like I said all of the switches seem to do what they're supposed to.
In regards to the coil whine, I might take you up on a replacement sktps2. The whine stops if the board is removed.