This reference suggests that it is indeed the case that someone used an entirely inappropriate core.
It got a little scrambled in copying, but you can see the yellow/white coding designates essentially DC to 1MHz applications. You can see it entire at:
http://zeus.cedcc.psu.edu/ind/irontoroid.htmlWouldn't be surprised if the maker just figured all of the same dimensions are alike and modeled it on a published design for winding and rating without attending to the class of core. I would sure expect it to heat up if it is what the yellow/white coding suggests. I guess I'm surprised it didn't heat up more and melt the solder joints. Bet it would under 1 kW.
Magnetic Properties of Iron Powder Cores
Temperature
Stability frequency
Mix Color Material u (ppm/deg C) (MHz) Notes
--- ------------ ---------------- -- ----------- ----------- -----------------
26 Yellow/White Hydrogen reduced 75 825 dc - 1 Used for EMI filters and dc chokes