your welder(s) are sae-300's by the looks of things, with one exciter.
the exciter is foreign to me, but the main generators are pretty generic as far as i know. the difference between sa and sae machines as far as i know is in the coarse or main current control. the sae uses a . . . . .reactor? (cant think of word) that can be set in infinite increments, instead of a 4 or 5 position switch to choose rough operating amperage. the "fine" or "job selector" in your case controls ocv and as a side effect, affects output amperage. it is sourced off the exciter and controls (through a simple rheostat) the amount of juice sent to the shunt coils in the main generator, which decide how much juice the main generator will put out.
exciter has permanent magnets, but they can go "dead". they can be refreshed via the link i sent you. the main generator(s) use electro-magnetism, from the exciter, to generate power. no exciter= no generator.
so the welder part of this machine is very similar to the engine part. there is the main power-source, but it cant work without the pony-motor to get it going (exciter). the pony motor only works if the battery (magnets) is charged and able to start the cycle