I'm designing a two transistor forward SMPS for a homemade plasma cutter I'm building. The input is 120vac, open circuit voltage is from
290 to 400 in my power range (~20 amps), and 90-110 vdc under load. I really have no idea how they do this, I've seen a partial schematic from a Lincoln procut 25, and it looks like a regular two transistor forward converter. I don't think PWM can be used, because dividing the voltage by three through PWM also increase peak current three times, and duty cycle cannot excede .5 because of the topology (core has to reset), which would make the peak current requirements 120 amps for 1/6th of the cycle.A schematic can be found on page 26
or page 14