My only concern, me not knowing what the voltage is on my diodes. How do i know if i am picking the right diode for my welder?
Like somebody said before a diode is (basically) to electricity what a check valve is to water or air. It allows voltage to only flow in one direction. Just like a check valve, there is a limit to how much backwards pressure (i.e. voltage) it can block before it breaks down. (Forward voltage doesn't matter unless it is astronomically high.) Where things get a little different with electricity is that you can put two diodes in series and their "peak inverse voltage" adds up. These diodes in question are 600V diodes so putting two of them in series would give you a diode rated roughly 1200V (more or less based on some unpredictable technical factors that are mostly irrelevant here)
The primary transformer in your welder steps voltage down from 220V to a lower voltage, usually no more than 80-90 volts in "standby". When you strike an arc that voltage will drop by as much as half.
So if you consider that, then the 600V diodes are more than enough to handle that voltage.
Someone earlier mentioned the inductor. For those that don't know, and inductor is just a coil of wire wrapped around a ferro-magnetic core. It's used in welders to help smooth the DC arc because one of the rules of electricity says that current traveling through an inductor can't change magnitude or direction rapidly due to the magnetic field induced in the core by the current flowing through the coil of wire. When the current starts flowing, that magnetic field stores up part of the energy from the current up to a certain point and then if the current starts to drop, the magnetic field dumps energy back into the coil momentarily boosting the current. When the current starts to rise, the magnetic field in the core will grow again and absorb some of the current and slow the currents rise up to the point where everything is back in balance.
The downside to this is that when the arc is broken the magnetic field in the inductor collapses rapidly. The speed of the collapse creates a spike of high voltage much higher than the initial voltage in the circuit and the welder has to handle it somehow. (This phenomenon, called "inductive kickback" is true for any inductive coil, be it a motor winding or a relay coil.) Fortunately, that voltage spike will produce current flowing in the same direction as the original circuit.
On DC welders, the inductor is placed after the diode rectifier bank, so the kickback from breaking the arc can't flow back toward the diode bank. It is just dissipated (again through physical laws too involved for this discussion.) The only way you would get serious inductive kickback across the diode bank would be if you killed power to the welder while a rod was stuck.
So what this little physics lesson is saying is that 600V diodes should be more than sufficient for your welder, unless you intentionally abuse it by repeatedly sticking rods and killing the power while they're stuck or deliberately connecting the two welding leads together, cranking the power way up, and flip the switch on and off a bunch of times.