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Before jumping into the deep end, I would get the cutter and see if it works. There is ALOT of other expense involved with them. There will be a CFM rating you will have to satisfy, it will have to be DRY air, as you will burn through many tips if it isn't. The consumables, tips swirl rings etc...
What are you cutting to need 320 amps of cutting power!? I have a plasma cutter rated at 40 amps and it works nice. You sure you got all the specs right?