Replacing AC condenser's 40A 240v power wire from main to the unit
I am in the process of replacing our AC condenser's wires which powers the outside unit
From main breaker. The existing 25+ years old wore out and damaged wire is romex 8/3 with ground on a 40A 240v dual-breaker. The AC guys when installed the unit,
Connected the BLACK and RED to the 40A breaker, WHITE to the ground bar,
And then cut-off ground on entry to the main breaker, i.e. they used the WHITE wire
(which is size#8) for the ground.
I was planning on buying a romex 8/2 with ground. But I noticed that the ground
Is like #10 or #12 solid wire.
Questions (reminder circuit is 240v, 40A):
1- is there an advantage of buying a romex 8/3 w ground, and then use the WHITE
(which is #8) for ground, and cut-off the ground like they did 25+ years ago?
2-if I decide to use THHN wire and 3/4 inch PVC conduit, then I need to buy
#8 BLACK and #8 RED for HOT wires. What size and color I should buy for my ground wire?
Thanks
-Ab