Is that full of electronics or is it just a big transformer and a big capacitor (or set of capacitors?) Assuming the latter:
Sola makes a number of line conditioning devices that are actually transformers with a flux leak between the primary and secondary, and a resonant circuit (an extra coil hooked to a capacitor) on the secondary side of the flux leak. They're really good for cleaning up the waveform and regulating the voltage IF (BIG IF) the frequency is right and the phase is stable and IF the load isn't bigger than the rating and doesn't switch a lot. (If the frequency is wrong they don't work properly and if they get a phase hit they can actually make things worse rather than better. This, along with improved power supplies in newer electronic equipment, is why you don't see these things any more.)
If it is one of those, and if your inverter's frequency is accurate and your inverter can drive it without getting sick, it will turn a modified sine into a pretty good sine for you - at the cost of turning a few percent of the rated load's power into heat (regardless of whether it is actually loaded). If you can afford to burn the power 24/7 and need the waveform cleaned up, it will do it. Otherwise it's mainly good as a source of salvaged transformer iron, wire, and caps.
(You might be able to take out the flux leak, dump the caps, and rewind three of 'em into a three-phase transformer to change the voltage of a miswound mill.)