If you are only cutting a couple of times a year, I wouldn't worry too much about which rotary cutter you choose. An economy model should work fine for your needs. You may even want to look for a used cutter.
Slip Clutches can easily be added later on. Save your money and try the shear bolt route. If you don't like it, you can add the slip clutch later.
I will say that in the past couple of days I must have gone through about 7 shear bolts while rotary cutting (rocks, 2" trees, ground, etc.). Having to stop so often can be pretty frustrating. I was using Grade 2 bolts on my Howse 500 even though it actually calls for Grade 5. Many people out there will use Grade 5 bolts even without a Slip Clutch. I couldn't take it any more, so I finally ventured to Grade 5. Start with Grade 2 and if you find yourself replacing them too often, then you can always move up to Grade 5 . Whatever you do, don't venture beyond Grade 5.
Like others have mentioned, keep some spare bolts on your tractor along with the tools you need to change them.
You may need to special order them online or through your local fastener company, but you could also find a Grade BB bolt that falls somewhere between a Grade 2 and Grade 5. Does anyone know of a good source for Grade BB bolts?
Whichever RC you get, make sure it has guards on the front and rear. If the cutter does not have them, you can make some on the cheap using cut up mudflaps (Soundguy's good advice).