valmeidan-
As others noted, it looks like there is a flaw in the design of your arm. So it would be a good idea to add some local reinforcement when you are making the weld repair to prevent the problem from reoccurring. It would be very helpful if you could provide a photo of the arm bracket assembled with its mating parts and a more detailed description of how loads are applied. Or even better you could measure the parts and provide a dimensioned sketch of the bracket assembled with the mating components.
What you'll find with these forums is that the quality of feedback you receive will be proportional to the effort you put into your posts. Obviously in this case you simply initially sought some advice on making a weld repair to a cracked part of an exercise machine. You could probably have purchased a replacement part for about $75, which would have been the easiest way to resolve the problem. But since you are also an engineer, you may have seen this as an opportunity to develop new skills by making the weld repair yourself. So you (wisely) sought some advice from this forum on how to weld repair the crack. However, as engineers faced with resolving problems like this we're taught to address the underlying cause and not just the symptom. In your case the symptom is a crack in the bracket, but the underlying cause is likely the result of factors like insufficient material strength, manufacturing defects, design flaws, etc. So in order to fully evaluate the problem engineers naturally want to have as much information about the situation as possible.
Hopefully, as an engineer you will see this as a great opportunity to learn more about welding and also the engineering process used to evaluate problems and come up with corrective solutions. Or as StoneCold noted you could "just weld it up and use it until it breaks again."
Best regards,
Terry