I left out the 1K resistor across the optoisolator LED, that needs adding..
CTs will saturate if the voltage gets too high across the part. I would use 1A Schottky Diodes to reduce the voltage.
The load sense range was given earlier as 8A to 15A, so 8mA to 15mA out. Schottky diodes certainly would not hurt, but I don't think they are essential.
The capacitor and 100R are to damp switching transients, as well as hold the opto on rather than it pulsing.
Power tools may take several times their rated current for short time when switched on.
I'd say a 6.8V zener across the cap for protection, if anything/
CTs are (or were) often used in thyristor drives for input current sensing, using resistors as loads and a few volts out. The CT output voltage should be no more than 5V at maximum load, using a 1000:1 CT & the values I gave.
the relay could trip at 3 amps so that would be about 30ma.
The CT is supposed to be 1000:1, so one mA per amp. Substituting a 100:1 type would destroy all the components...
The TLP240GA has a lower rated LED than the 4N32; if you use that, do definitely fit a zener across the capacitor to restrict the voltage - 3.9V should be OK to keep it under 30mA.
Note that a bigger capacitor would not hurt, eg. a 220 or 470uF, whichever is convenient.