@russed68 have you checked the configuration of your CTEK we talked about in the post above - you must make sure it's not in AGM profile if you decide to do the new battery first or you will risk damage due to mild but constant overcharging.
Only if it was touching the vehicle body, another metallic item grounded to vehicle body or a negative conductor. A frayed cable in itself won’t cause a short circuit.Would that cause a drain ?
In addition if there is a direct short circuit you can expect some smoke and sparks! Important that 12v DC is fused as close as possible to the power source.Only if it was touching the vehicle body, another metallic item grounded to vehicle body or a negative conductor. A frayed cable in itself won’t cause a short circuit.