There is no slip rings or rotor here... You need to check the 2 brushes and commutator on the exciter armature. You should put a dc Volt meter on the 2 brush leads to see if there is voltage there when the machine doesnt weld. Let us know what u find out...
True the SA-200 has a DC exciter. However the SA-250 has an AC exciter that is flashed by the main generator through a blocking diode on the 5:00 brush holder. When the field is built up and power generated in the exciter, power is provided to the aux. outlets and to a fuse protected bridge rectifier located behind the main panel. From that rectifier bridge comes the DC power to sustain the exciter rotor field and to supply the main generator shunt field coils via the rehostat (blue & brown wires).
Well it depends if ur sa-250 has 1 or multiple 110v outlets. If it has 1- 110v outlet, its like a sa-200 with 110vdc power with a dc exciter. If it has several 110v outlets, it has a rotor and slip rings with 110vac power.
You are right about that, however only about half a dozen or so old code numbers are applicable to those units. By a overwhelming majority they are of the alternator type. Which makes a good point always provide your code number in any correspondence.