So does the pedal sort of kind of work? Tell us more.
Have you checked the voltages at the other pins? I am wondering whether there is a virtual ground, typically half of the voltage diff between pins 8 and 4, that might show up at pins 3 or 5 (the non-inverting inputs). It seems a bit odd that the parts list for the Shred Master only contains one cap (C7) that is 1 uF or above. I would expect two, if the circuit includes the creation of a "Vcc/2" virtual ground. You can look for example at the diagrams on
https://www.scribd.com/doc/282668500/ShredMaster-Guero-Enwhere it appears that two 41 k (yes, that's what it says) resistors (R1, R2) form the voltage divider that attaches Vcc/2 (orange trace) to the pins 5 of the two TL072's. It uses 100 uF and 47 uF to support that divider, which is typical--100 uF at Vcc and 47 uF at Vcc/2.
I suppose the same scheme would be used in the Tayda PCB but where is the support? I see that R14 and R15 have matched values (33 k) that are typical for the voltage divider, and sit next to each other and near C7 positive terminal, at 10 uF the only large-C cap in the list. Maybe the Tayda scheme expects you to supply a robust, well-behaved DC voltage of somewhere in the 9 - 18 V range and it only bothers to put the cap in for the Vcc/2 vs. GND, rather than also putting one across V vs. GND. So if you check some more voltages (or can check some continuity), you might want to see whether R14 / R15 / C7+ all join together, and see if any of pins 3 or 5 of either IC have the same voltage as C7+ (there would likely be components in between, so checking continuity might not tell anything).
None of that really explains the 3 V drop, but if the +V you supply goes to more places than just the pins 8, then possible explanations might include shorts, or wrong-value resistors being used in the Vcc/2 creation.
I'd be curious to try starting with a blank PCB and tracing with a continuity checker to reverse engineer it, just to understand it ... but I have an Echo Royal to finish (my enclosure-decorating skills are kind of lame) and I haven't yet even started that Analog Vibrato kit yet (much less the flanger and chorus mods we discussed) and there's more Tru Oil to put on this Tele body I've got so I don't need a new project
quite yet.