I did do a bit of research into this when I realised that I needed to top up my old BOC Oxford set. I discovered that the machines were originally filled with 'Diala B' from Shell and this is a high dielectric strength low vapour pressure mineral oil - the spec sheet is available on the net if you want to Google for it (545 hits for 'Diala
+B oil' (no quotes)). As far as I can tell it has never been anywhere near a polychlorinated bi-phenyl. Why anyone would ever want to tip nasty crud like that into a poor harmless little Oxford set is beyond me.I was offered some Diala B by a Birmingham based welding supplies outfit. Morris Lubricants of Shrewsbury said "Diala B? Oh, yes, that'd be our Transformer Oil...", available in 25-litre drums at a price.
The primary purpose of the oil in an Oxford set is to cool the set, not to insulate it, so the high dielectric strength of Diala B is just a bonus as far as I can see. You could probably fill it with chip fat without adverse effects if you felt that way inclined.
Safe? Well, I doubt I'd want to drink any, but I'd be happy to get my spanner out of the bottom of the welder by hand if I had to, if I turned it off first.
TTFN
Pete