Last year I bought a table saw that had a magnetic starter. After a few months it would not turn off. The relay had 4 poles but only used three, so I found the bad pole and moved it to the unused one. Last week it happened again, but I no fresh poles. But that's okay because I wanted to change the saw to 240v anyhow, and that requires replacing the relay.
The old relay is an Potter and Beaufield (or something like that); with a great big coil and nice solid looking contacts. It is only rated for 1hp and the motor is 2hp, so the previous owner ran the hot through two contacts figuring it was 1hp each. The repeated failure suggests that is a bad scheme.
A 240v P&B replacement is $120, however I found a little plastic box rated to 3hp for only $35 in the McMaster Carr Catalog! ( 7105K12) Considering it is a third the size and price of the old one, and the old one was inadequate, I am a little sceptical that it can actually handle 50% more power.
But I know very little about relays, so maybe it is an improved technology. Whatcha think, should I try it, or is it just throwing money out?