Disconnect the power leads to the motor. If the motor is disconnected and the breaker still pops when the start button is pressed it is impossible for the problem to be the motor or capacitors!
I would look for insulation on a wire that has been pinched or cut by a sharp edge or just worn away by vibration. Be careful that the machine isn't "HOT" when the starting switch is engaged... that could be a lethal surprise!
I agree that this doesn't sound like a capacitor issue.