Not unless its a HF aluminium welder.$3.23 at www.mouser.com
http://www.mouser.com/ProductDetail/Vishay-Sprague/565CZ5UBA102EX503Z/?qs=sGAEpiMZZMtGtrSL1omHbPKjoR6sJy7tSFIG9xCIP1s=
Not exactly the same, but it will probably work in that position.
A 0.05 across those massive bus bars is not in a critical position for frequency or accuracy.


Not only that - but there are several different types of ceramic used in disc capacitors. Most ceramic capacitors have more lossy dielectric than the best of film capacitors. There are specialised film capacitors for the high voltage/high frequency/high energy pulses in TV flyback tuning circuits - the manufacturer probably didn't use one of those because disc ceramic were a *LOT* cheaper.Hey guys, this is a TIG welder that has a "high frequency start" feature. This means that the welding arc is started by inducing a high frequency high voltage between the workpiece and the electrode. This starting voltage is UGLY. It is basically an industrial cattle prod but cattle prods are built with more elegant electronics. The older TIG machines used a gas spark gap to produce the "high frequency"starting voltage.
What am I trying to say? That cap lives in a very harsh environment. Miller chose that kind cap for a reason. It should be replaced with the same kind of cap. Going to a 1000 volt cap as #12 suggested is a good thing, just so long as it is in the same family of ceramic capacitors.

In my TV/monitor servicing days; I saw a lot less disc ceramic flyback tuning capacitors than the special foil types, but the disc ceramic types accounted for about as many failures as the foil types.56nF at 400 volts and "high" frequency actually transmits a lot of energy- might be part of the problem.
some replied said it was well chosen but i dont think so, probably just on the margin.
I've seen the latter too many times to believe in well-selected components.
I've seen a GE 2W fluoro nightlight just exploding after a few weeks.
View attachment 73843
I believe you are correct. Probably meant to keep the capacitor off the contacts. They may also be using it to maintain clearance requirements.Or do you think it was some type of insulator that i shouldn't have pulled off that busbar?