If you suspect a powe problem you can check with a DMM. The problems you're reporting sound like a logic problem. Logic runs on 5V where the ColorDMD draws its power from 12V. I think it's unlikely to be a power driver problem.
It's more likely that communication on the logic bus is failing due to a ribbon cable being connected improperly or the Whitestar DMD controller board not receiving power.
Can you post a few photos that show the cable connections in the backbox and to the Whitestar and ColorDMD display boards?