Use it.
Good Heavens..While its true that higher voltage ratings are designed not to arc over when overloaded, the difference between 120 VAC and 240VAC is really not that much.
In a pinch one could use a 24v fuse in a 120 volt ckt without too much to worry about.
It's simple to check the fuse. There are two was, one in ckt and one out of ckt.
You will need a Multi-meter: In CKT, turn power on, measure Vac across fuse( I'm assuming this is on the mains side of the transformer) If you read approx 120vac, fuse is open.If reads 0vac, or there abouts its not open.
Out of ckt: Remove fuse from fuse holder, with power OFF (and uplugged), set meter to resistance, measure from one end of fuse to other, If 0 ohms, or there abouts fuse ok, if High Megohms, fuse open)
Now if the failure occurs during start up, could be problems in the soft-start ckty. This ckt is designed to limit the inrush current to the power supply capacitors at startup.
It's often a realy, and sometimes the contacts become welded.
replace relay if needed.
Other than that, you're mostlikely looking at a short in the Drive ckty.
Either a MOSFET of FET pack, with a heat sink attached.
Look for a hole!
Replace if you can source.
(Testing MOSFETS and FETs in the field can be tricky.)
Good Luck.