To check if both speeds are powered at the same time, disconnect the wires #1, #3 and #5 at TB1. On LO spd you should have 240V between #1 and #3 and 0V between #1 and #5 on TB1. On HI spd you should have 0V between #1 and #3 and 240V between #1 and #5 on TB1.