Here's the short answer... you're SOL.
Your research and what you are told is exactly correct. Advance was the ONLY manufacturer to produce the M80 (250w HQI Magnetic) ballast in the US, and they discontinued it. Unfortunately, that is the type of ballast that one manufacturer used extensively, PFO.
What really sucks about this is that these ballasts produced FAR more light output - especially from Radium lamps - than standard magnetics. They outperformed even their electronic counterparts from Icecap, CoralVUE, etc. When I built my last lighting system, I searched high and low for these ballasts. In short, they don't exist anymore. When they were discontinued, folks bought them up like crazy and those that were willing to sell their stockpiles knew what they had and charged and arm and a leg for them.
Your choices are to use an electronic ballast as Acrylic said, or to use a magnetic. If your fixture uses DE lamps, electronic ballasts that can drive HQI such as Icecap are the way to go. If your lamps are single-ended, you can replace your ballast with a pulse start, 250w magnetic ballast, ANSI code M138.
The M138 should fit into your enclosure.
In either case, you may notice decreased light output with the replaced ballast. There isn't much you can do about that, other than to replace every ballast so they all match. I wish I had a better answer for you, but I doubt you'll ever find those ballasts, and if you do, I wish you'd tell me where.
... by the way, are you sure it's not just the capacitor that died? They are the most common component to fail, and are easily replaced.