Thank you John and Martin for your really helpful advice.
The DM860H driver I have does not show the "+" or "-" after the AC in the High Voltage silk screen printing like in the photo above. I do note that it does say "VAC: 18V~30V VDC:24–110V" in the same place as in the photo above. So I take it then, I am OK to connect a DC 24V supply from the PSU to the DM860H driver and remove the step down transformer as shown below:
Again, many thanks for your really helpful advice which has given me confidence in what I am doing with this little project.