That screenshot was from the owner's manual available for download by inserting your serial number. Just have to know what to look for in the schematics.
I think that wire simply carries harmonics to the filter network FL1 to be drowned out, stabilizing the idle current that goes through the transformer while you're not welding and reducing "chugging" while you are welding (where the circuit lags in adjusting the output current because of voltage transients present).
In other words, you probably won't notice any difference at all, unless the filter network is shorted and was intentionally disconnected, but that would most likely have been done by unplugging the other end from the filter in its easily accessible location rather than the nut under the fan where you need three hands and an extra wrist to reach it.
I think that wire simply carries harmonics to the filter network FL1 to be drowned out, stabilizing the idle current that goes through the transformer while you're not welding and reducing "chugging" while you are welding (where the circuit lags in adjusting the output current because of voltage transients present).
In other words, you probably won't notice any difference at all, unless the filter network is shorted and was intentionally disconnected, but that would most likely have been done by unplugging the other end from the filter in its easily accessible location rather than the nut under the fan where you need three hands and an extra wrist to reach it.
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