I had a TAF that shorted the GI on a coil. The GI wire simply lay across the coil lug. Over years of very slight vibration, the sharp edge on the lug cut the GI wire coat.
Your approach seems good, but once you zoom in on the component string causing the issue, visually inspect every wire in the zone (could be a broken wire too) or a wire touching a piece of steel.
Good luck!
faz