Whilst I get what you are saying (and given limitations like the cost of some diagnostic equipment), you can sorta 'see' what's going on with some electronics by using a simple DMM or even an oscilloscope (and you can get PC based / USB jobbies quite cheap these days) or even just an LED and resistor. ;-)
As has been mentioned elsewhere, the 'problem' with diy fixing SMPSU's is the high voltages often flying about, the frequencies and the closed loop'edness of them.
One of the common problems with them (and PSU's in general) is capacitors going bad but you can often spot them and if done soon enough (like if something starts misbehaving rather than failing outright as such) you can often save something from dying in a more complicated way. ;-)
Cheers, T i m