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Yes it goes high after removing U5110.
Get Magsafe Light as well now.
Update : I just rechecked it after like 3-4 hours.
SMC_RESET_L again back to 0.1V.
Was it that the board was a bit warm that time and showed different results?
To verify, I just put some flux on the area above the SMC (R5115 Area) and heated it with the hot air gun.
Again started getting Magsafe Light and SMC_RESET_L went high.
Cooled it down again and again it went missing. Weird
Yes. SMC_RESET_L goes low if the board when the board cools down. If i heat up the area mentioned above it goes high.
All of this when U5110 is removed. I did this twice.