I'm not a hardware guru - there are folks here who are.
But, testing the memory will exercise some of the data/address lines, working with the disk controller will use CRU lines and other control signals that just memory will not.
If you had a sidecar TIPI, then you could test the cru lines, leaving out the pbox. It's also possible, the 9901 in your console has a problem, and it's not pbox related at all.
Do you have another console to try?