Hi Hank,
I know you stated the 3 winterizing heater bypass valves are in the correct positions, but it sounds like the middle one is not fully closed. It might be getting stuck in an "almost closed" position leaving you to think it is fully closed. Try working it more tightly. Open it fully, then close it tightly a few times. You just might see that with each attempt, the handle on the valve travels more.
I am assuming you have standard multi-turn valves, not 1/4 turn ball valves.
If you have 1/4 turn ball valves, it could be the valve is open when you think it is closed. Maybe the handle on the valve was mounted incorrectly which would therefore mislead you.