FTDI quite generously makes available a Factory Test Utility
http://www.ftdichip.com/Support/Docu...%20utility.pdf, but it needs a specially wired cable and a second serial port. Given the 1.8v output, I'd need at least a level converter, if not another (functional) FTDI 1.8v TTL to USB cable. If I have one of those then testing becomes a moot point.
At this point, the basic hardware loopback will be enough to determine if I need to order a new cable. At least that's a better alternative than if the DX serial port is broken.