you'd be better off installing a four wire pigtail and connecting it to a four wire receptacle. the plug has isolated neutral and earth ground terminals same as in the panelbox either the main or sub-panel.
sub-panel has the neutral not bonded to the chassis, has a separate earth ground but at the main panel the neutral is bonded to the chassis.
the plasma torch ground comes off its transformer. has nothing to do with the input power supply.
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