Yeah those switchers are a bit scary. The majority of the cost of these power supplies is the shipping so they are constantly optimising for lowest mass. The SMPS gets pretty close to minimum mass. Also cheapest price. Never connect something you care about to a shit power supply.
Yeh, to be fair though, as Clive points out, the actual units do appear to quite well designed and built electrically. The weak link as is the case with almost all Chinese kit like this is A/ The mains lead, being undersized and copper plated Aluminium strands along with a possible sleeved earth pi, which when fully pushed into the socket then looses the earth connection
and B/ The low voltage leads are of low quality and have very poor terminations. I would expect anyone on this forum would be aware of these issues and do the right thing by replacing both power and low voltage leads anyway.
The actual fire was more then likely the result of either loose internal connections to the banana sockets and/or the poor terminations of the cable to the banana plug itself.
The power supply itself does not have any relays in its as it a switched mode unit and so does not have any transformer taps to switch in and out. I have the very same model as the one Clive was looking at except its a 30V 5A output. Personally I would never like to use it much above 3A if I needed more than I'd get the next size unit up as I always think its best to under run these things anyway, nothings going to last long if it is constantly running at or near its theoretical maximum.
The other one I have is a proper linear power supply with a stonking great big transformer at is heart with the relays, which is my preferred and go to power supply the switcher only comes out to play if I need higher voltage or a second unit to replace temporarily, 2 rails in the DUT. I've had mine for 3 years without any problems at all, but I always double check the connections before switching them on.