I've got a Quick Attach blower for my 248, although I don't know the model number of the blower I think it's going to be similar. The chute rotation and elevation are controlled through a manifold with solenoids that scavenges oil pressure from the auger and blower motors while they are running to make the adjustments. The rotation has a hydraulic motor and bicycle style chain that goes around the chute to rotate it. The elevation has a small hydraulic cylinder that changes the angle of a hinged portion to the tip of the chute for deflection. My bet is an electrical problem of some sort, dirty contacts, broken wire or bad solenoid.
A simple test light should help you trace back to where the problem is, you may need a helper to activate the switches while you use the test light. You said you've removed the chain for the chute, with the machine OFF try to rotate the motor manually. If it's free you've eliminated that as the problem.