If you Google Clark CL500M you should be able to find a parts list, with a wiring diagram on Page 2, that you can download.
There appears to be no sign of a capacitor in the Switch Box Wiring Diagram.
If you cant find it, PM me with an E mail address, and I’ll send it over.
As an aside, recently there was an article giving details of how to improve the clamping of the mill head, to prevent movement.
Howard