Ok, so next thing is to elimanate issues.
Is it a standard Meanwell or have you done a current mod to it? I have a NES 350-48 as a bulk charger, and it sits there bulk charging with constant 5 or 6 amps without getting warm.
Your 24 volt model should happily spit out 14 or more amps. Un modded as a bulk charger it will probably put out, maybe ??? 16 18 amps maybe more, not sure
Can you try it as a bulk charger on just 6 cells ? Or do you maybe have another 6s pack to hand ?
Try a bulk charge even just for long enough to monitor the current output
With regard to the Killawatt meter and its readings. Not sure that they work correctly with ghe sort of load a Meanwell takes. They give weird readings, way too low, all to do with PFC's /inductive/ resistive loads. I have a similar device that I bought go work out how much power my twin S350 charger was using.
It worked correctly on kettles, toaster, haidryer etc etc, giving the reading in kW one would expect from the relevant device. When a Meanwell was plugged in, totally wrong readings... Way to low, it was showing. 80 to 100 watts draw when it should have been nearer 750 watt
So despite everything you have tried so far still not convinced it is the Meanwell because if the Hyperion was trying to take the full amount of power for the charge, then the Meanwell would give it till it let the smoke out. Remember they are supposedly rated to deliver 150% of their stated power for short bursts, which is why we have to do the current limiting mods on them.
If the charger was charging as hard as it should, then the Meanwell should supply it, till it got really hot and either thermal limiting kicked in and it shut down, or it let the smoke out
When I first started with an i Charger 3010b I did not have it limiting enough and it would draw so much current from tye Meanwell that it would pull Meanwell voltage down so hard that iCharger would bleep a warning and shut down due to low input voltage.
If you can find a pair of lead acid car batteries try running the Hyperion from them, they for sure wont be current limited and you could draw the full 40 amps from them no hassle