The ionization is not the cause of the RFI. It's just a another result of the arc current, which is the real perpetrator.
You're on the right track with regards to its spectral content. A spark is always a brief, transient event, and therefore it has a very broad spectrum. That's why it's capable of affecting pretty much any type of equipment. It's not really random, but it's dependent on so many factors (humidity, arc length, total charge, air pollution, etc) that there's really no way to predict its exact behavior.