A picture paints a thousand words as they say!
That's the old 1150104 board that we don't use on new machines anymore, so I'd guess the machine is somewhere around 10+ years old?
Symptoms of a microswitch fault are usually it either fires twice and shuts down (the board can't "see" the signal from the switch - either a contact failing "open" or out of alignment and the arm doesn't touch it) or if it fails "closed" the machine enters "uncock" mode where it only moves when given a fire command (similar to operating the machine via the uncock switch) - the board thinks the machine is armed - the board will also chatter the relays in a "chick chick chick" type of noise
Neither though are apparent from your testing of the microswitch. When the machine is constantly firing does disconnecting any release cable or radio remote attached stop the machine from it's operation? If there's a short in the external release circuits disconnecting anything externally attached it will normally stop the trap from constant fire and it will complete a cycle, arm itself and await a command.
Are you aware with no release cable or radio attached you can arm it from the uncock/off/on switch? You have to move the switch to uncock, then quickly move it through off to on. Normally the trap will fully arm and sit awaiting a command.
To be honest though, you may have a board failure, albeit minor. Something on it is obviously giving the motor full power, be that the power relay failed closed or something else on the board has failed and is telling the power relay to stay closed.
If we assume it has failed you have various options: Send the faulty board to CPC so I can do a full test on it and hopefully repair it, or purchase a reconditioned or new board.
Another option is to upgrade the controls to the latest board, though this would involve adding a new microswitch bracket and moving the microswitch to the rear of the throwing plate (may not be easy depending on how much spare cable is left on the original)
Hope this information helps?
Andy