Look at the Connection to the attachment plate, See which configuration Powermatic calls for J56, 42c, ...etc.
Then measure (or look up) the diameter and length. Then you can get pretty much any motor that will fit. One thing to check is to see the duty cycle rating and the efficiency rating. Generally speaking, farm duty or hazard motors tend to be better due to the fully sealed case assembly. Beyond that, I replaced a motor on my lathe with a basic Chinese generic motor that was a compressor type motor, 3hp 85% eff. So, the motor was really giving me 2.55 hp of true work output. Likely, the original Powermatic motor is also a .85 eff so a 5 hp would be 4.25 of true power output.. ... I digress
Bottom line, the 3 hp motor was less than 200 bucks and 4 years later still going strong (sold that to a buddy). Pays to do your homework.