Electromagnetism implies special relativity and then the universal constant "c". And if we set c=1, the coupling constant has units of angular momentum (so in relativistic quantum mechanics we divide by $\hbar$ and we get the adimensional coupling $\alpha$).
Question, loose, is: In which explicit ways does this angular momentum appear in the classical formalism? Has it some obvious, useful meaning?
Edit: some clarifications from the comments.
More explicitly, I have in mind the following. In classical no relativistic mechanics a circular orbit under, ahem, a central force equilibrates $F = K / r^2$ equal to $F= m v^2 / r$, and then we have $K = m r v^2 = L v.$ Thus when introducing relativity we can expect that the angular momentum for a particle orbiting in a central force will have a limit, the minimum possible value being $L_{min} = K/c$. Note that this limit does not imply a minimum radius, we also have classically $K = L^2/ mr $, but m can be argued to be the relativistic mass, so when L goes towards its minimum, m increases and the radius of the orbit goes to zero.
More edit: Given that it seems that my derivation of the Sommerfeld bound $L_{min} = K/c$ risks to be wrong, I feel I should point out that failure, it it is, is completely mine. The original derivation of this relativistic (not quantum!) bound appears in section II.1 of Zur Quantentheorie der Spektrallinien (pages 45-47 here) and also in Kap 5.2 of his book. The usual argument goes about generic ellipses and its stability properties.