That's a wirewound resistor.
I'd check the two transistors near it too.
Mhh ich ones do you mean?
The bridge rectifier that I mentioned, to convert 24v AC from the small transformer to 24v DC to run the wirefeed motor etc., is probably the rectangular grey plastic component clipped to the heatsink.
The black wirewound resistor will have a low resistance ( there is one near it labelled 18 ohms ). You can check if it has been broken open-circuit, due to the crack, using your meter on the resistance range. If it is still OK, this low resistance will be shown regardless of other components still in the circuit.
It is bad luck that the 2N3055 which controls the wirefeed motor was not shorted. That would have been an easy and logical solution....
Regarding what I would call the "Mode" switch:
- normal welding - squeeze the torch trigger, welding power, gas, and wire fed on, release the trigger, all off
- spot welding - squeeze and hold the trigger, welder turns on, stays on for time determined by 2nd pot, then goes off
- stitch welding, squeeze and hold the trigger, move the torch, welder automatically turns on and off giving short welding stitches of length determined by 1st pot
However, that switch has FOUR positions ? The first position shows a continuous line, could this mean "feed the welding wire continuously, to help installing a new reel of wire" ? Does altering the setting of this switch have any effect on the "fault" ?
or shoud i put in the new ones?