I'm guessing that the neutral had already broken and the fault current traveled through the metal water pipes to a neighbors house and back to the transformer through their neutral.
Jason
As I recall, the neutral was intact. The transformer was down the alley two spans, however.
But you're right about the current path. The current took all available paths, and these were multiple neighbor's neutral/GEC/water pipes, all connected to the same transformer, so they were all in parallel. IMO, that low parallel impedance plus the water pipe/GEC at the house with the short at the meter hub will have half, or more, of the fault current, when the grounded service conductor is intact, and the transformer is a ways down PoCo #4 hard drawn Cu open conductor secondary.