I was going to arc weld my chassis, but found it too difficult to weld the 1.6mm thick steel together as i kept blowing holes.
After having a go with a MIG welder i defiantly knew that was the route i wanted to go down. So after i few months i bought a Clarke 150EN (used) and the rest of the bits needed for it, it cost me £200 in total including gas and wire. But i dont regret it in the slightest, as i can sell the MIG after i've finished my build if i need the money (i cant see that happening though)
If you can ARC weld really well and are very happy with welding 1.6mm thick steel then i'd say go for it, if however you are not that comfortable with it then go for a MIG, its so easy to pick up.
I hope my post have been of some help.
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