Prince, Let us see if we can figure out what meaning is the most likely. Because there are three different devices listed with "armature knife" then it is unlikly that the meaning is actualy for some type of electrically-operated cutter.
SLITTER ARMATURE KNIFE
SCRAP CHOPPER ARMATURE KNIFE
RECOILER ARMATURE KNIFE
Were these terms translated from another language into English? The strict dictionary definitions are:
Armature: Electric: (a) the part of an electric machine than includes the main current-carrying winding and in which the electromotive force is induced; (b) the pivoted part of an electric device, as a buzzer or relay, that is activated by a magnetic field; (c) the iron or steel applied across the poles of a permanent magnet to close it, or across the poles of an electromagnet to transmit the mechanical force.
Knife: (1) an instrument for cutting, consisting of a thin, sharp-edged, metal blade....(7) to move or cleave through something with or as with a knife.
So, the term is referring to an electrically-operated device that is common to at least 3 devices. It would be possible for the physical devices "SLITTER" and "SCRAP CHOPPER" to actually have an electrically operated knife blade, but I doubt if a "RECOILER" ever would. Therefore the meaning must be for an electrical device needed for at least two different types of device, and common to all three.
I think the term "armature knife" is being used to mean a "motor starter contactor". Motor starters do have a armature (pivoted part of an electric device that is activated by a magnetic field) which moves to cut off an electric current (knife). Motor starters are generally used for all motors above 1 horsepower, and these are probably larger than that.