There are some VERY poor design choices on that board:
While a switch to what appears to be a 5-phase regulator per chip is a very good design choice, the choice to use a non-synchronous regulator (you can spot one of these by the need to use a diode(s) in the power path) is very poor.
1/ Synchronous regulators are more efficient than non-synchronous regulators, particularly at low voltages.
2/ Non-synchronous regulators require a diode powerful enough to handle the full current of the output. (That's a BIG diode!)
3/ BFL engineers appear to think they can use lots of smaller diodes in parallel instead of one big diode - that's a big no-no! Google 'diodes in parallel' if you care to know why!
I can't remember the last time I saw a motherboard which had anything other than a multi-phase synchronous regulator for the CPU - and they don't have to deliver as much power as the Monarch does!
What are you talking about, that is a synchronous regulator. You can see the high and low side fets. Those aren't diodes, they're Panasonic polymer aluminum caps.
Just quoting someone on BFLs website
I am not an engineer but I play one on TV