miketyler: sorry to read about your experience with a family heirloom vise. I have a couple of them and I remember how pissed I was at myself when I wasn't paying enough attention and cut a groove in the top of both jaws with a portaband saw. And that was minor, like a papercut compared to your damaged vise..
As many have posted above, yes it can be welded. I have welded a lot of vises. The preheat, keep it hot, needle-scale or at minimum use a slag-hammer and beat on the weld to chip off the slag and stress relieve it, and short 1" welds are also important.
The Athol 4.5" vises are relatively common, so waiting a bit for a parts-vise to show up might be a good idea. I know i have several Athol vises from 4" through 5". I'll look to see if i have an Athol 4.5" one that is a parts donor vise..
Since this vise has sentimental value, I'd repair it, but then find a suitable additional vise to use as your daily user vise..
Just a basic hint: when using a vise, if you are tempted to use a cheater bar, DON'T.. it will usually break the mainscrew, nut or the dynamic jaw tower like you vise did.. or turn the handle into a pretzel.
Regarding using epoxy, it won't work for anything but holding it together to put the vise on a shelf.. Epoxy does not work well in tension. or the bond to substrates hold well under tension. Under shear, epoxy isn't too bad. But still not close to original casting or welding or brazing. Epoxy works well holding a chunk of iron in a hole it got punched out of by a connecting rod, or similar situation. But it will not hold under the stresses on a dynamic jaw in a vise..
My experience with Athol vises is that the iron castings have a relatively rough outer surface.. like the casting sand was a very large grain sand.. and most Athol vises look better after a bit of 'dressing' of the rough spots, especially on the lettering on the vise..
The iron is very heavy, seems to be tougher than other vises' iron. But the only true way to know that is to do stress-to-destruction testing, and we don't do that ..
If you were not 1500 miles away, I'd invite you over and set you up to do the repair yourself, but that's a hell of a long drive !!
Let us know how your repair or replacement goes.
Best of luck,
PierceA