Hi there and welcome James!
It sounds like you have 1 really good option that may be a little scary but isn't. Or you buy a new smoker.
The 1 really good option is to do a simple rewire and to use what is called a PID Controller to run your smoker.
The rewire is simply cutting the ends off 4 wires and splicing together with a wire nut to make 2 whole wires.
At this point the plug will feed power directly to the heating element.
This is where the PID controller comes in to cut power on/off to the MES so that it hits and holds the temp you want.
In this approach the MES plugs into the PID Controller and the PID Controller plugs into the wall. You drop the PID controller temp sensor into the MES and done!
Punch in the temp you want to hit and hold and the PID controller will feed power on/off to hit and hold that temp :)
This makes your smoker at least 20x better then anything MES builds brand new. Seriously!!!
Now the PID Controller will cost you like $150 from Auber but seriously, the rewire with the PID Controller turns your smoker from a golf cart into a Ferrari!
No more temp swings. No more being unable hitting your set temp. No more crazy inaccurate smoker temps. Only hitting your set temp and holding within 1-2 degrees!
Do sausage, do bacon, do jerky, all without fear of temps swinging and going wild and ruining the day. Do a 275F higher temp smoke and actually hit 275F!
Here is the PID Controller I"m talking about (PID stand for Proportional-Integral-Deriviative, these are the control setting parameters but pay no mind to any of that).
Auber Instruments, Inc. Multi Purpose Controller [WS-1510ELPM] - The WS-1510ELPM is a versatile temperature controller to have in your home. It can be used for various applications such as Sous Vide cooking, controlling an electric smoker, making yogurt, dough proofing, controlling the...
www.auberins.com
Many of us run PID Controllers with our rewired MES units and wow we all wonder why we waited so long haha.
Another good side effect is that when you do this rewire you can switch out the crappy electrical spade wire connectors that
Masterbuilt uses for high temp ones that wont corrode away on you like the MB ones do.
At this point you can keep your smoker running through anything short of getting hit by a car :D
Please ask all the questions you can about this and we can get you squared away. I have a very detailed post on how to do the rewire if you want to. Seriously it takes longer to flip the MES over, unscrew the panels and such than it does to do the actual rewire.