I have around 30 years of welding under my belt. Still just an amateur but I do a lot of fab at work.
Don't buy a new AC/DC buzz box, you can find them used all over the place. $100 will get you an AC unit around here.
I would pool your money a little longer on the MIG, I believe you will be right around $1000 with the entire setup. Welding 1/2" metal with a MIG single pass is not going to happen. An old rule of thumb "1 amp per 0.001" of metal thickness" Not all agree with this.
I have a bigger Millermatic MIG that is used for clean metal and fabricating. But when thick and dirty metal welding is required I have two 300amp AC/DC stick welders to use.
After you get that figured out, next on the list will be a plasma cutter!!
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