The machine doesn't need the full 28v to start according to the modification guide, on most systems with modified PSU's, 16-17v has been found sufficient.
The simple solution is to connect the 12v+ line from the PSU's molex connector to the 5v+ trickle line to generate a total of 17v. Diodes are of course required.
The conversion guide can be found here, along with conversion guides for all sorts of other G4's.
http://atxg4.com/quicksilver.html
The simple diagram for connecting 12v to the 5v trickle line can be found here.
http://atxg4.com/images/Wiring-DiagramQS.jpg
EDIT: Oh damn, I just realised why it may not be working. The diodes I soldered in are around the wrong way... durr! *hits self* I'll rectify the problem and give it another test.
DOUBLE EDIT: It didn't work even with the diodes in the correct order. I think the tower's dead as a doorstop, so project Silvertooth will go ahead provided I can find a Sawtooth logic board.