Plasma has lethal voltages even without a transformer isolated primary. The workclamp on a cutting plasma is
not at ground UNLESS you physically ground the table! You can get a nasty shock if you touch an earth ground and the ungrounded plasma table at the same time. The voltages are higher than TIG and MIG welding and there is plenty of current to kill. I know plasma cutters are expensive but building your own could result in heavy expenses to your family for the funeral. Half of the secret to plasma is the structure of the torch (with the arc start method) and the safety and control electronics in the unit. All plasma torches and units have sensors that if you are changing consummables and accidently hit the torch button you don't fry yourself.
I have years of experience in power electronics design, high voltage systems and control electronics. I would not attempt the design my own plasma power section.
TOM CAUDLE
www.CandCNC.com