And I will write down this repair tip/guide for this kind of problem with switchmode weld/plasma systems that need to have their control electronics stabilized.
before hand:
1) Use rubberized abrasives to clean arc damage till light brown PCB color. If stuff is charred badly use a dremel with a ball nose burr to route away sections of PCB. Stick tape on it and refill with DP280 epoxy and fiberglass powder, I cut trenches near sooty areas also and filled with glue. Repair any damage you see as you go along fully using PACE techniques, don't leave it for later because I would have thought that circuit is irrelevant.
2) heavy ultrasonic cleaning if there was soot damage on the board. Unless there is something unrepeatable there like a MCU, its likely the ultrasonic will help you find a problem or get rid of a intermittent. Bake in regulated oven after rinse and air-dry (I use 65C for 1 hour). Probobly putting it under a piece of black material outside in the hot sun will work also.
3) use THF to get rid of varnish in obvious repair areas
4) after a few attempts with pure mains to maybe clear faults or fully damage parts, stick it on a large variac to maybe reduce inrush a little and operate the unit at different voltage levels within the manual. If you are not welding I am not sure how much difference the current increase from low voltage makes compared to dealing with standard line voltage, so I chose 110V as its the lowest operating voltage. This is just for equipment safety not your own, so its still just as hazardous
5) probe slowly and carefully with needle probe shrouds to avoid damage to circuits. Take your time because one mistake can cost you an entire circuit path. I brought a chair into the garage and got extra lighting to be certain.
6) since the system is misbehaving, use safety precautions. This means brand new probes, a fluke meter, and make sure all the stuff is clean, inserted properly, and you have a good work area.
Stabilizing:
1) start at the big high power/current parts with thermal optics. If you do not find a problem there
2) you can assume the control regulation loop is being fucked with some how by something, like a leakage.
3) test the small stuff near the big components, no matter how innocuous it is. In this case it was a presumably a 100nF capacitor making a diode on the other side of a transformer light up that was physically 8 inches away. However, you could assume the 100nF capacitor was doing something related to the IGBT/MOSFET/Flyback circuit startup or regulation. I.e anything within range of a power electronics part could be causing all sorts of mayhem
4) use DMM min/max peak mode to get sanity check if you don't have a scope meter
5) you can try over rating components to get a feel of what is going on, like I substited the broke 1W 22V diodes with 5W 20V diodes. Sure the IGBT is not working properly at 18V but you are changing power levels to more manageable levels, maybe. You have to switch it out later but it might give you some opportunity to see something. Since you don't plan on welding, it can't hurt.
5) still not sure what happens if you ground isolated IGBT rails.
I am surprised I managed to get this far without any tools more then a DMM and thermal cam. I have a feeling if I was trying to figure out the switching pattern with a scope meter it might be counter productive actually, so use common sense.
Hopefully people will resurrect some millers