I guess the first and second things that come to mind, Jeff, are the AC electrical panels that are in the upper cabinets there in my similar coach, and the obvious venue of the HydroHot exhaust. Hopefully there wasn't a problem at one time in the 50 amp Main box that's on that (out)side. Any issue there I'd think obvious just from examining the box.
More thinkable but still barely imaginable is a rusted-out hydronics exhaust pipe. The terminus is where moisture tends to collect/condense, and where corrosion attends. Perhaps the scenario is a burner that is too rich and needs tweaking, with particulate emissions finding their way out via rust-outs just prior to the pipe's end, gradually making it up through a flaw in the coach undercarriage/floor and the wall unit, and condensing out in the cabinet wall.
That would be a pretty unbelievable tale, but anything's possible. So I'd crawl under and check the HydroHot (probably not, as you wrote, an AquaHot on a Monterey) tailpipe, including feeling around the hard-to-see top for holes. Have the coach blocked for safety before going under there of course, and the unit off and cooled down. I'd think if it were much of a leak and coming in, that you'd smell diesel when the unit runs, especially in the toilet room. Does the soot smell like diesel? Is it greasy when you run a finger over it? You did say it was powdery, so I assume not greasy.
One other notion is mildew that might resemble black soot. I'm not sure how enough moisture could collect there, however, in order for mildew to grow.
Joel