I managed to downgrade just before this was posted with a slightly different method.
I tried an install using the Synology Assistant, that didn't work, rebooted and whereas before I could still connect to the drives I couldn't after that.
Tried a reinstall of Xpenoboot, no joy.
I used Synology Assistant again and selected Connect instead of Install, this bought up the Web Assistant. From there I did a manual install and it worked. THIS FORMATS YOUR SYSTEM PARTIION and reinstalls the DSM software, which is why I lost my config and apps etc. Fortunately I had a config backup, whilst this doesn't re-install you apps it does restore a fair bit of the config (users, shares, some settings etc).
The data was all there, and after the config restore everything appears to be normal, had to reinstall the apps though.
So, I'm not sure if the post procedure loses anything, but the way I did it loses your config and apps but not anything on my data partition.