Is diode with forward voltage ~0.15v faulty?
Assuming by "0" you actually mean "overrange", no that's quite normal (Edit: Yes, .OL stands for over-range). You have a fat 3A Schottky diode, and at 25°C the forward voltage at 10mA is typically around 270mV according to the datasheet. 

Most multimeters put only about 0.5~1mA through the diode junction, so 150mV at that test current is plausible.



Note that the higher voltage rated diodes such as the SB360 have more forward drop than the lower-rated ones.