So my oven quit heating last week and I finally cracked it open today. Pulled the thermal fuse off the back of the cavity and one of the wires going into it was black and crispy looking. I was sure that was my smoking gun, figured the fuse was cooked.
Meter said 0.00 ohms though, so it was still passing current. Turns out the black stuff was just the insulation baked by years of heat, and the actual problem was upstream. The crimp connector feeding that wire had gone loose and was arcing a little every cycle. That's what scorched it. Cut the bad connector off, crimped on a fresh one, and shoved the oven back togehter. Heated right back up to 400 no problem and held it. Whole fix cost me a couple bucks in parts I allready had in the drawer. defintely unplugged the thing before I went anywhere near the wiring, that back panel area is no joke.